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Day: March 12, 2010
March 122010
EUR/USD at Monthly High Before Retail Sales Report
The EUR/USD currency pair reached its maximum level since February 11th today before the report on the retail sales was released in U.S. It showed a better than expected value but the dollar gained and reached its daily high before the report has been made available to the public. EUR/USD showed some retracement after today’s fundamental releases. It’s now trading near 1.3760 after reaching as high as 1.3796 […]
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March 122010
Who Can Stop the Loonie?
The loonie ended this Thursday posting an amazing result of 10 straight days of advance versus its U.S. counterpart and also gaining versus multiple important currencies as risk appetite has been favoring markets with significant influence on the Canadian dollar. High volatility marked this Thursday’s session for the Canadian dollar, as bad events in China and the U.S. declined appetite among traders for riskier bets in foreign-exchange markets, but in the intraday comparison […]
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March 122010
Inflation Outlook Fuels Demand for British Pound
The British pound gained versus currencies from its main trading partners as odds that inflation will rise in the United Kingdom spurred demand for assets in the country, as it could lead to a series of interest rates by the Bank of England. British consumers predicted an inflation rate of 2.5 percent in a yearâs time as a report signaled today, and this higher than previous revised data allowed the pound to revert a losing streak versus important currencies […]
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