Click to continue reading “Canadian Dollar Suffers Huge Impact on Inflation, Risk Aversion”
Click to continue reading “Canadian Dollar Tumbles on Rates Outlook”
Click to continue reading “Canadian Dollar Continues Bullish Pattern on Commodities”
The Canadian dollar declined versus its U.S. counterpart and
The loonie was impacted today as energetic and metallic commodities declined, specially the crude oil, as raw material exports account for more than half of the country’s international trade revenue, in a day of bearish markets in New York and Toronto.
Click to continue reading “Canada’s Dollar Retreats on Oil, Risk Aversion”
Demand for safety rose today as concerns among investors that Chinese lending limits announced this week by the nation’s government may impact the global economic performance, allowing the yen to beat all of the main traded currencies in
The yen gained today versus greenback as reports in the world’s wealthiest country came slightly below forecasts, also showing a slow down in the inflation.
Click to continue reading “Yen Benefits from China’s Lending Restrictions”
Speculations that demand for commodities will continue to grow in the U.S. and globally are helping the Canadian dollar to benefit from this scenario as exportation of raw materials account for half of the country’s trading revenue.
The Canadian rose against almost all of the 16 main traded currencies as metallic and energetic commodities abundant in the country are experiencing a high demand as the global economic recovery spurs demand for raw materials.
Click to continue reading “Canadian Dollar Continues to Profit on Commodities”
Click to continue reading “Greece’s Budget Deficit Affects Euro Performance”
The dollar had a mediocre performance today losing versus a considerable number of currencies after the nation’s central bank was not so optimistic regarding the U.S.
Click to continue reading “Dollar Drops Slightly on Fed Comments”
After the SNB stated its position against further advances of its national currency, the Swiss Franc may be poised to decline versus main currencies, as fears of interventions are likely to shun investors from investing in the
The Swiss franc gained during the late months of the last year versus the euro and the dollar, posting its highest monthly advance in December versus the European single currency in 2009, and trading in parity with the greenback in November, as the Swiss economy showed its strength and resilience, and declining odds of deflation were interpreted as a good chance for the currency to gain in
Speculations regarding future interventions in the Swiss currency rates open a good trading possibility for selling the franc versus other currencies, specially
USD/CHF traded at 1.0169 as of 00:49 GMT from 1.0140 in the intraday, being rather unchanged following the SNB statement.
If you want to comment on the Swiss franc’s recent action or have any questions regarding this currency, please, feel free to reply below.
The U.K. currency extended Friday’s gains versus the U.S. dollar today as global optimism helped speculations that an economic recovery in the U.K.
Click to continue reading “Pound Strong Versus Dollar on Global Recovery”
The ruble benefited today from a strong demand for oil in the Northern Hemisphere as this winter is being of the most intense during the past decade, forcing the crude beyond $83 a barrel, allowing Russian stocks to gain sharply and consequently providing support for the nation’s currency to post the sharpest advance in a decade today versus the greenback.
USD/RUB closed today at 29.30 today from an opening rate of 29.868, a decline of almost 2 percent.
If you want to comment on the Russian Ruble’s recent action or have any questions regarding this currency, please, feel free to reply below.
Click to continue reading “Swiss Franc Retreats After Central Bank Statement”
Click to continue reading “Payrolls Cause Dollar’s Weekly Decline”
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.
Click to continue reading “Canadian Dollar Near 2-Month High on Oil”
Click to continue reading “Unexpectedly Negative Payrolls Force Greenback Down”
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