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Thu November 28, 2013 The Federal Reserve Banks hold about $1.4 billion in $1 coins -- enough to meet the demand for the next 40 years. Washington (CNN) -- To all the great mysteries of life, add this: Why is the lowly, tarnished penny so revered,
Precious metal prices rose in Europe Friday, aided by a weaker U.S. dollar, in quiet trade that served to lift the appeal of the buck-priced group to buyers with other currencies. Price fluctuations were narrow, however, and held within recent ranges.
Peso softens vs. dollar on lingering Fed taper concerns The peso continued to soften against the dollar Friday as concerns that the Federal Reserve will cut back its bond purchases continued to linger and influence currency markets. The local
While stocks have struggled to produce steady returns, coins are powering ahead and attracting attention from Asian investors . A luxury investment index compiled by property consultant Knight Frank shows a 255 per cent gain for coins over the last
Friday, the local unit was trading at 91.12 US cents, down from 91.23 cents on Thursday...However, the currency could not hold on to those gains and fell in late afternoon and overnight trade. Advertisement LTG GoldRock director Andrew Barnett said
Deutsche Bank maintains its "buy" recommendation on Twenty-First Century Fox and has a 12-month price target of $45 on the media stock. The broker also has a "hold" rating on GrainCorp and a target price of $13.00 as 51.2 per cent of respondents to a
Money Monitor istock Financial Road Map Retail Statistics Canada reported that the current account deficit decreased $500-million to $15.5-billion in the third quarter on a seasonally adjusted basis...The agency said the change largely reflected
The Globe and Mail Published Thursday, Nov. 28 2013, 7:27 AM EST Last updated Thursday, Nov. 28 2013, 7:58 AM EST Goldman on the loonie Keep an eye on this morning's current account report from Statistics Canada to see why Goldman Sachs Group Inc.
Mohamad Dabbouss Plans for common GCC currency are still facing obstacles The UAE will maintain a long-standing peg between its currency the dirham and the US dollar because the greenback is a stable currency, central bank governor Sultan bin Nassir
RBA's routine IMF payment catches out market on high alert for intervention, people say Nov. 28 (BusinessDesk) A Reserve Bank of Australia currency transaction last month, widely speculated as a sign the bank had intervened to drive down its currency,