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Day: February 27, 2010
February 272010
Canadian Dollar Benefits from Poor U.S. Data
The Canadian dollar pared some of the losses occurred this week as risk appetite rose significantly before the end of this Friday’s session, allowing the loonie and other currencies tied to growth to outperform a weakened U.S. dollar. After a report in the U.S. showed a decrease in seasonally adjusted existing home sales figures, the loonie rose versus its U.S. counterpart, also helped by an increase in risk appetite as the Asian economy produced better than expected […]
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February 272010
Singapore’s Dollar Gains on Asian and Domestic Economic Data
The Singapore dollar had one of the best weekly performances since the beginning of the year as optimism towards the domestic and regional economies improved, allowing the Singaporean currency to gain towards the weekend. After Singapore’s industrial production rose last month in the seasonally adjust annual rate as much as twice what forecasts suggested, the country’s dollar rose, with several countries in Asia, as South Korea and Malaysia also contributing for the optimism growth in the region this week. […]
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February 272010
Budget Deficit Sets Pound to Sharp Fall
The British pound had another week of losses versus currencies from its main trading partners as the emerging budget deficit problems in the country are affecting market confidence among traders, shunning capital from the country towards other more favorable investment opportunities. The recession in the U.K. last year was the deepest in the country since official numbers started to measured, and as the government spending is growing without significant improvements in the British economy, […]
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