Posts Tagged ‘Foreign Exchange Markets’

Canadian Dollar Near 2-Month High on Oil

Posted by yehya on January 9th, 2010

The Canadian dollar returned to gain today as its chief export, the crude oil, rallied as demand for energy increases, favoring currencies with a similar profile in

foreign-exchange markets as the Australian dollar, which is a main commodity supplier for China.

The loonie, as the Canadian dollar is often referred, had the fourth day of advances in this week as the crude oil returned to trade high in commodity markets closing future contracts near $ 83 a barrel, helping the Canadian dollar to rally specially versus its U.S.

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Unexpectedly Negative Payrolls Force Greenback Down

Posted by yehya on January 8th, 2010

An employment report waited during all the week and released today frustrated analysts bringing weaker-than-expected figures for the U.S.

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Unchanged Rates and Bond Purchases Maintain Pound Down

Posted by yehya on January 8th, 2010

The British currency continued to suffer from its central bank monetary policies as interest rates remained unchanged in the country, suggesting that the recession will remain a reality in England for an extended period.

A concerning budget deficit combined with weak economic data has been affecting the pound’s outlook as the Bank of England insists on its asset-purchase program which hasn’t been effective so far, as well as in all-time record low interest rates which decrease the appeal for the sterling in foreign-exchange markets.

GBP/USD bottomed at 1.5923 as of 22:21 GMT from a previous rate of 1.6036.

If you want to comment on the Great Britain pound’s recent action or have any questions regarding this currency, please, feel free to reply below.

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Sterling slides further in the wake of a damning UK economic report

Posted by Forex News Resource on October 13th, 2009

The pound maintained its downward trend yesterday, losing a further 0.6% as a British report cast doubts over UK recovery prospects.

  • The outlook for global monetary policy shaped action on the foreign exchange markets on Monday, with sterling the main casualty.

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An easing of risk appetite weakened the euro yesterday, but it has rallied back over $1.46 so far today

Posted by Forex News Resource on September 30th, 2009

The single currency hit a two-week low against the greenback yesterday as a rise in risk aversion strengthened demand for the haven currency.

  • The dollar rose for a second day as evidence that economies have yet to shake off the worst effects of the global recession spurred demand for the safety of the U.S.

Click to continue reading “An easing of risk appetite weakened the euro yesterday, but it has rallied back over $1.46 so far today”

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