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Day: January 29, 2010
January 292010
Canadian Dollar Falls Despite Positive GDP
The Canadian dollar ended another week declining versus its U.S. counterpart and lower-yielding currencies despite a report showing that the nation’s economy grew for another month, as the U.S. GDP report had more impact in markets globally. Even if a report showed that Canada’s gross domestic product rose for a third consecutive month in November 2009, the loonie declined versus the greenback as a report indicated that the U.S. economy expanded more […]
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January 292010
Swiss Franc Tumbles From Record High
The Swiss franc retreated versus the euro and the pound after gaining sharply, on speculations that the nation’s central bank intervened to control the franc’s rally. After the franc touched the highest level in 10 months versus the euro, it fell sharply before the end of this week’s session, on speculations that Swiss National Bank officials sold the currency to prevent the franc to rally further. SNB President Philipp Hildebrand refused to comment on the subject. EUR/CHF […]
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January 292010
Euro Suffers on Single Currency Crisis Speculations
The euro lost today versus most of main traded currencies as rising budget deficits in some Eurozone member countries is shunning investors from the region, as well as speculations suggesting that Greece would leave the single currency affected market sentiment in the Euro area. The euro had its sharpest gains versus the Swiss franc today as leading indicators in the alpine country rose for another month consecutively, evidencing the strength and resilience of the Swiss […]
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January 292010
GDP Pushes Dollar Up Before Weekend
The dollar is going towards the end of this week with a positive performance versus most of its main trading partners currencies, after a GDP report published today brought figures beyond what analysts suggested, adding confidence for the U.S. economy and currency outlook. The greenback had its sharpest gains today versus the yen after Japanese policy makers said that they are ready to intervene on financial markets, as a strong […]
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January 292010
Dollar Continues to Advance on GDP Growth
The dollar touched a new record for 2010 versus the euro as a quarterly gross domestic product report published today surprised traders with actual figures coming considerably above forecasts, suggesting that the U.S. economic recovery is accelerating, and allowing the dollar to post a weekly gain versus a less attractive euro due to some Eurozone member countries rising budget deficits. Currently EUR/USD is falling at 1.3913, the lowest rate for 2010 […]
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