The Canadian dollar gained today after crude oil prices went up and the European policy makers came out with the loan package for the indebted countries of the region, improving the investors’ confidence and making them more willing to risk. European Union’s governments are ready to provide â¬750 billion ($960 billion) to support the Euro-zone economy. The Canadian currency was boosted by the increasing number of the housing starts and the widening trade surplus. The Canada gains […]
Read moreThe euro strengthened today after European Union’s policy makers announced their plans about the rescues package to help the indebted countries in the region. The package is valued as much as $962 billion, a rather stunning number, and is intended to ease the fiscal crisis, especially in such countries as Greece, Portugal and Spain. Some solid information about the rescue plans after the prolonged period of the uncertainty improved the confidence in the euro, but whether it would […]
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Read moreThe Great Britain pound rose today against some of its most trading counterparts as the declining number of jobless claims, the improving consumer confidence and the increasing number of home-loan approvals suggested that the U.K. economy is stronger than European Union’s economy. Britain’s economy is expected to grow by 2.2 percent annual rate by the end of this year, compared to Europeâs forecast of the 1 percent growth. The confidence in the U.K. currency is rising […]
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