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Day: July 27, 2010
July 272010
Canadian Dollar Falls on Stocks & Commodities Decline
The Canadian dollar weakened today after the decline of the U.S. consumer confidence and the decreasing prices for commodities damped the appeal of the currencies tied to growth. The Conference Boardâs index of the U.S. consumers’ sentiment dropped to 50.4, compared to the median forecast of 51.3. The Standard & Poorâs 500 Index declined 0.3 percent. The S&P 500 rose previously by 0.5 percent and gained more than 8 percent since June 30th, while crude oil went […]
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July 272010
Dollar Rises vs. Yen & Euro
The U.S. currency strengthened today against the euro and the Japanese yen as the macroeconomic indicators suggested that the U.S. economy is recovering. The dollar dropped versus the Great Britain pound. The report about the new home sales yesterday showed the unexpected surge to 330,000 in June from 267,000 in May. S&P/Case-Shiller Home Price index rose to 146.64 in April from 147.33 in May. Not all reports were favorable, though. The manufacturing index of the Federal […]
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July 272010
Swiss Franc Falls as Stocks Rally and Recovery Continues
The Swiss franc weakened today versus the U.S. dollar and the euro as the U.S. and the European economies show signs of recovery, damping demand for the franc as the safe currency and drawing the investors to the riskier assets. The MSCI World Index of stocks and futures gained 0.3 percent. The economists, including Charles Plosser, the president of the Federal Reserve Bank of Philadelphia, think that it’s too early to talk about increasing the stimulus, which is already significant, by the Federal Reserve. […]
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July 272010
Yen Weakens on Signs of Recovery
The Japanese yen declined today against the U.S. dollar and the euro as the signs of the economic recovery in the U.S. prompted the investors to leave the safe currencies in favor of the higher-yielding ones. The Dow Jones Industrial Average rose by 1 percent yesterday after FedEx Corp., the second-largestpackage-shipping company in the U.S., raised its earnings forecast for the quarter and for the year. The forecasts also suggest about improving consumer confidence in Germany and increasing number of the durable goods orders in the U.S. USD/JPY […]
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July 272010
EUR/USD Goes Down on Signs of Improving Economy in U.S.
EUR/USD currency pair went down today after macroeconomic indicators signaled about improving economic conditions in the U.S. Yesterday’s report about an unexpected surge of new home sales, together with today’s reports, promises a bright future for the U.S. economy, or at least some recovery. Consumers, obviously, hadn’t time to react on good reports, therefore consumer confidence extended its decline this month. EUR/USD trades now near 1.2977. […]
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July 272010
Loonie Rises vs. Greenback
The Canadian dollar went up today against its U.S. counterpart as the gains of the U.S. equities and the improving conditions on the U.S. housing market bolstered the currencies tied to the growth, including the loonie. The Canadian currencies declined somewhat versus the euro. The Standard & Poorâs 500 Index rose by 1.1 percent. The futures for crude oil, main Canadian export, traded near $78.99 per barrel after touching $79.30 per barrel on July […]
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