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Day: May 6, 2009
May 62009
Oil and Stocks Push Canadian Dollar Down
The loonie weakened for the first time in six days as the crude oil price fell, making Canadas currency to drop from a 6-month high. The Canadian currency has been posting consecutive gains against its North American counterpart since November, and this week negative market prices associated with the loonie, combined with speculations that the government may take measures for […]
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May 62009
Yen Strengthens as U.S. Banking Funds Concerns Arise
The yen and the dollar rose against the euro after U.S. regulators affirmed that the Bank of America Corp. will need more than $30 billion in new capital, spurring demand for refuge currencies. The Japanese currency climbed against all major currencies for the first day since last week, when improved economic conditions around the world boosted the attractiveness […]
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May 62009
EUR/USD Down as Stocks Fall Despite Good Fundamentals
EUR/USD declined fro the second day after rising earlier today as the stock markets failed to sustain a growth and corrected almost to a zero daily change after opening positively today. Very good fundamental reports were released in U.S. today and yesterday but they failed to inspire the markets for another bullish wave. EUR/USD is now trading near 1.3282. ADP employment change was […]
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