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Day: July 29, 2010
July 292010
Loonie Rises vs. Greenback, Falls vs. Euro
The Canadian dollar rose against its U.S. counterpart after two days of decline as demand for the crude oil, the main Canada’s export, increased and the commodity prices rallied. The loonie performed not so well against other currencies, including the euro, against which Canada’s currency continued to fall. The S&P 500 Index dropped 0.8 percent. The decline of the stocks usually followed by the decline of the loonie, but this time the effect of the falling equities […]
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July 292010
Yen Strengthens vs. Dollar on Increasing Growth Concern
The Japanese yen rose today against the U.S. currency as the growing concern for the global recovery spurs the investors to seek safety, increasing the appeal of the Japanese currency. The U.S. economy continues to show the sings of the weakness. While the banking sector in Europe looks pretty robust, the manufacturing sector gives the reason for the concern. According to the experts’ estimates, the manufacturing confidence in the Eurozone was minus five in July. USD/JPY fell from 87.44 to about 87.17 today as of 8:58 […]
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July 292010
Euro Rises vs. Dollar as U.S. Economy Shows Signs of Weakness
The euro rose against the U.S. dollar today on the concern for the U.S. economic recovery, which decreased the appeal of the U.S. currency for the investors and increased the attractiveness of the shared European currency. The euro regained some of its strength after the stress tests showed that only seven European banks required to raise capital. In the same time, the U.S. gives more and more reasons for the concern about its economic growth. The analysts’ estimates say that the gross […]
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