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Day: February 11, 2010
February 112010
Canadian Dollar Advances on U.S. Jobless Claims
The Canadian dollar continued to gain today versus its U.S. counterpart as risk appetite rose considerably in North America after U.S. jobless claims declined beyond expectations raising demand in markets that influence the loonie, as stocks and commodities. Different events in the international economic scenario allowed the loonie to post the sharpest gains in a month versus several currencies after U.S. jobless claims declined to 440k during the past week, from a previous […]
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February 112010
EU Position Towards Greece Affects Euro
The euro tumbled today after an EU summit in which traders were frustrated by lack of initiative from other bloc’s members to help Greece to prevent its budget crisis to worsen, impacting the continent’s single currency attractiveness, as the region’s economic outlook remains uncertain. After an European Union summit held today in which government officials didn’t provide concrete measures to help Greece to end its fiscal crisis, the euro pared its […]
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February 112010
Yen Declines on South Pacific Positive Reports
The yen started this Thursday losing versus the main South Pacific currencies as reports in the region brought risk appetite high in foreign-exchange markets, after confidence that the economic pace will accelerate in Australia and the New Zealand. After an Australian report that showed the highest jump in the country’s employment in the 3 years and a kiwi report indicating food prices rose in New Zealand, risk appetite increased further from yesterday in the region, making […]
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February 112010
Australian Dollar Climbs on Employment Improvent
The Australian government brought risk appetite high in the beginning of this Thursday trading session after an employment report published in the country showed better than expected figures, attracting investors to purchase assets in the South Pacific region. After an employment report indicating that 52k new jobs were created in Australia in January, the Aussie advanced versus multiple important currencies, as the economic performance in the South Pacific region is providing better results […]
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