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Day: January 27, 2010
January 272010
Canadian Dollar Remains Bearish on Stocks Performance
The Canadian dollar did not manage to revert its losing trend today as equities and commodities continued to decline globally, fueling emerging concerns that Canada’s economic recovery will suffer from a slower-than-expected recovery in most of its main trading partners. Markets were rather cautious before today’s Federal Reserve interest rate decision announcement, and the loonie was affected by a low volume of trades today in stocks and commodities markets. The crude […]
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January 272010
Euro Slides on Stocks Regional Drop
The European market outlook continued to grow pessimistic today as equities dropped in the region forced by raising concerns that economic stimulus will be lifted in the region, and uncertainties regarding the region’s financial stability affected the appeal for the Euroland’s single currency. Shares in the banking sector led the fall of most stock markets in the Eurozone, as specially southern European nations with massive budget deficits like Greece and Spain are affecting the attractiveness for the euro in foreign-exchange […]
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January 272010
Dollar Rises on Fed Optimism
The euro traded for the first time in 2010 below $1.40 as the Federal Reserve stated on its interest rates decision report today that the multiple economic sectors are improving in the U.S., and economic stimulus used to help the country to emerge from last year crisis will start to be lifted, helping the greenback to gain and bringing risk appetite back to financial markets. EUR/USD falls at the moment, trading at 1.4015. New Home Sales declined […]
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January 272010
Yen Climbs on Market Sentiment Pessimism
The yen continued to profit from a favorable scenario for refuge currencies as traders are increasingly concerned regarding the economic trends for 2010, as requirements for bank loans are becoming stricter, fact which could slow down the growth pace in most of the world’s wealthiest nations. Risk aversion remained high in the beginning of this Wednesday’s sessions as the International Monetary Fund insisted on statements stressing on the weakness of the current global economic situation, after it announced […]
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January 272010
Canadian Dollar Reaches 2010 Record Low on Risk Aversion
The Canadian dollar continued to decline today reaching the lowest level in five weeks as risk aversion rose globally, fueled by China’s new restrictive loans policy, which is likely to decrease appeal for currencies like the loonie, extreme related to commodities and stocks performance. As China’s announcements regarding new tightening lending conditions for financial institutions started to affect bank loans in the country, risk aversion continued to move the loonie rates down as Canada’s […]
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