The loonie soared over a cent and a half yesterday. Canadian dollars traded as high as $1.039… a new 33-year high. The loonie managed this massive gain without oil’s help, which fell over $1 during the same period.
The Aussie dollar also made impressive gains overnight. The Aussie rose a solid half a cent on news that inflation was rising in Australia faster than expected… and thus a rate hike would be more likely at the Aussie central bank’s November meeting.
If you’re holding one of EverBank’s World Energy CDs , this is all good news. These unique CDs chart the movement of four energy-reliant currencies -- the loonie, Aussie, pound and krone. And given the dollar’s performance of late, they still look like a good place to park your cash.
The Aussie dollar also made impressive gains overnight. The Aussie rose a solid half a cent on news that inflation was rising in Australia faster than expected… and thus a rate hike would be more likely at the Aussie central bank’s November meeting.
If you’re holding one of EverBank’s World Energy CDs , this is all good news. These unique CDs chart the movement of four energy-reliant currencies -- the loonie, Aussie, pound and krone. And given the dollar’s performance of late, they still look like a good place to park your cash.
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