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Day: June 10, 2009
June 102009
U.S. Economy Recovery, Crude Oil Push Canadian Dollar Up
The loonie continued its rally after a day of losses as the main trading partner of Canada, the United States, is showing signs of an economic revival. The Canadian currency has been benefiting from several international factors that are helping it to build the strongest bullish pattern in decades against the main currencies. Canada is one of the main global oil exporters, and since the demand for […]
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June 102009
Yen Continues Fall as Demand For Yield Rises
The Japanese currency had a day of losses against major currencies and higher-yielding assets as the global slump eases, improving investors confidence to take riskier positions. The yen has been suffering multiple sessions of losses since the global recession gave its first signs of ending in the beginning of April, and being regarded by traders as a safe refuge for times of uncertainty and crisis, the Japanese currency […]
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June 102009
EUR/USD Falls Despite U.S. Trade Balance Deficit Gain
Euro declined against the U.S. dollar today after growing during the early trading session and yesterday. The increased U.S. trade balance deficit didnt help the Eurozone currency to advance against the greenback. Traders probably treated the drop in imports and exports as the negative factors for the global financial system. EUR/USD is now trading near 1.3918. Trade balance deficit in goods […]
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