Dollar Doing Better When Compared With Other Currencies Also

Brazil's real is in the No. 2 spot, rising 23 per cent against the U.S. dollar in 2007, according to Bloomberg data, followed by a 17 per cent rise in the Australian dollar and a 15 per cent rise in the Norwegian krone. The euro has gained 10 per cent, the British pound 6 per cent, the Swiss franc 5.5 per cent and the Japanese yen 3 per cent. The Canadian currency has been on a tear, topping its 1957 modern-day high of $1.0614 on Wednesday, then sauntered to $1.0704 (U.S.) on Friday. The loonie may have soared 25 per cent this year against the greenback but has risen a smaller 13.5 per cent when measured against the euro, which is also forging new highs. At last check, the loonie was trading at 73.7 euro cents. ... http://www.reportonbusiness.com/servlet/story/RTGAM.20071102.wglobalcurrencies1102/BNStory/Business/

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