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Day: March 2, 2010
March 22010
British Crisis Pushes Pound Further Down
The pound didn’t manage to pare last week’s losses versus most of the 16 main traded currencies this Monday, as not only the financial, but the political situation in the U.K. is rather negative, impacting the already not very attractive assets in the country. Several events pushed the pound further down today as the country may have a minority government for the first time in 35 years, which would slow down measures to be imposed […]
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March 22010
Canada’s Dollars Starts Week Bullish on GDP
The Canadian dollar started this week extending a rally started last Friday as quarterly gross domestic product figures in the country surprised forecasts positively, attracting more traders to inject capital in the country as the North American economy rebounds. After a gross domestic product report showing economic data for the last month of 2009 was published today, the loonie continued to climb and reached the highest level in a week versus its U.S. counterpart as actual […]
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