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Day: July 15, 2010
July 152010
Canadian Dollar Goes Down on Concerns for U.S. Economy
The Canadian dollar weakened today after the economic growth in the U.S., the biggest Canada’s trading partner, showed the signs of the slowdown, possibly reducing demand for the Canadian exports. The Standard & Poorâs 500 Index went down 0.5 percent. The U.S. equities declined after the Federal Reserve Bank of Philadelphiaâs index of the manufacturing activity slumped to 5.1 this month from the month before. The index still suggests growth, but has fallen for two […]
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July 152010
Dollar Falls as U.S. Economic Expansion Slows
The U.S. dollar fell today against the euro and the yen as the macroeconomic indicators suggested that the economic expansion in the U.S., while continues, is slowing its pace, curbing the appeal of the U.S. currency. The Philadelphia Fed index fell from 8.0 in June to 5.1 in July, instead of the expected growth to 10.2, showing the slowdown of the manufacturing growth. The NY Empire State Manufacturing Index showed the same picture, dropping sharply to 5.1 in July from 19.6 […]
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July 152010
Hungarian Forint May Go Down if IMF Reject Loan
The Hungarian forint fluctuated today against the U.S. dollar and may drop lower on the speculation that the discussion between the nation’s government and the International Monetary Fund about the terms of the bailout loan might fail. The investors look for the approval of the nation’s economic program by the IMF after the government compared Hungary’s situation with Greece’s one. The speculation says that the IMF urges Hungary to lower the inflation below the 3 percent level. USD/HUF traded at about […]
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July 152010
Brazilian Real Drops vs. Euro on Concern for Global Recovery
The Brazilian real declined today versus the euro after the U.S. retail sales fell more than forecast, spurring the concerns for the sustainability of the global economic recovery. The retail sales in the U.S. declined 0.5 percent in June, compared to the median forecast of 0.2 percent decrease. The Standard & Poorâs 500 Index went down 0.2 percent. The fears that the global recovery may slow caused the investors to shun the higher-yielding currencies. EUR/BRL traded […]
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July 152010
EUR/USD Extends Rally with Slowdown of U.S. Economic Growth
EUR/USD advanced for the third day on today’s Forex session after Spain auctioned its debt, easing concern for the nation’s fiscal system and for Eurozone economy, while news from the U.S. remain bad. True that the U.S. economy continues to expand, but with the constantly slowing pace how long can it sustain its growth? EUR/USD is now trading near 1.2857. The Producer Price Index (PPI) fell 0.5% […]
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