Day: March 18, 2010

March 18
2010

EUR/USD Continues to Fall Despite Lower CPI

EUR/USD continued its decline today falling down to the weekly lows and then retracing back somewhat. The U.S. fundamentals remain rather weak and unsupporting for the U.S. dollar, but the markets seem to be more preoccupied with the current Eurozone’s fiscal problems. The currency pair is now trading near 1.3683. CPI indicator remained unchanged in February, following 0.2% growth in January, while a small increase of 0.1% was forecasted for February. […]

Read more
March 18
2010

Canadian Dollar Flirts with Greenback Parity on Commodities

The Canadian dollar gained for another session, in a rally that seems to be endless, as the Federal Reserve ratified its dovish position on its interest rates, allowing the strong flow of capital from the U.S. towards north to continue for another day. The crude oil, one of Canada’s notably known commodity export, advanced this Wednesday, and for another day, more than 1 percent, allowing attractiveness for assets in the Toronto Stock Exchange to advance even […]

Read more
March 18
2010

Euro Couldn’t Sustain Gains on Budget Concerns Return

The euro lost versus against most of the main traded currencies this Wednesday as Greek budget deficit was once again hitting the headlines of European news, decreasing appetite for the bloc’s single currency, as currencies tied to growth topped the performance rank in forex markets today. A combination of European pessimism with a global appetite for risk made the perfect receipt for the Euro to slash yesterday’s gains, posting a considerable decline even against a weaker dollar, […]

Read more