Mon, Dec 5, 2016
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies, Index more

Shipping index rise signals currency gains

Posted on 23 February 2009

From Etaiwannews.com: Shipping costs have more than doubled this year, so it may be time to buy kroner, Aussies and loonies.The 147 percent jump in ocean-transport prices is evidence that China’s US$580 billion stimulus plan will lift raw materials, said Ihab Salib, who oversees US$3 billion at Federated Investments Inc. in Pittsburgh.

That would benefit countries exporting them, so Salib is “actively trading” Norway’s krone and Australian and Canadian dollars, nicknamed Aussies and loonies….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
December 2016
S M T W T F S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031