Day: December 30, 2009

December 30
2009

Dollar Climbs Before Year End on Business Activity

The U.S. dollar had a bullish performance today and gained considerably versus the euro and the yen as speculations rose that the Fed will start a process of lifting economic stimulus introduced during the worst moments of the global slump to revive the U.S. economy. The dollar benefited today from a business activity report that came much above forecasts, interpreted as another solid evidence that an economic recovery is on the way in 2010 for the U.S., which could […]

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December 30
2009

Canadian Dollar Drops on Oil, Stocks Performance

The Canadian dollar dropped from the highest level in 2009 versus the euro as stocks did not manage to extend the advance reached in the beginning of the week, forcing the currency down also versus its U.S. counterpart. After touching the highest level versus its U.S. counterpart in two months, the loonie started to decline yesterday and extended its losses today as the crude oil’s volatility affected the Canadian currency performance in a day of weak performance in equities […]

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December 30
2009

EUR/USD Bearish on U.S. Confidence

The EUR/USD currency pair extended yesterday’s decline as an economic activity report in the U.S. came much above forecasts and featuring the highest level in four years, adding evidences that economic conditions in the U.S. are improving at a fast pace, helping the dollar to gain versus a not so attractive euro in the past weeks, as the IMF affirmed it would help Greece with its financial complications if requested. At the moment EUR/USD is falling […]

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December 30
2009

Canadian Dollar Bullish on Global Recovery

The Canadian dollar, together with other currencies from commodity producer countries, is profiting from positive estimates for 2010 global economic recovery, which if confirmed will raise demand for Canadian commodities, consequently pushing the loonie up. The loonie fell in the past few hours after touching the highest rate in 2 months versus the its U.S. counterpart and a record high in 2009 versus the euro as optimism towards the global economy […]

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