- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: January 13, 2011
January 132011
Loonie Weakens as Rally of Commodities Slows
The Canadian dollar fell today after the report showed that number of unemployment claims in the US increased and on the speculation that the rally of commodities and stocks isn’t sustainable. The currency attempts to recover against the US dollar at present. The number of claims for the unemployment benefits in the US rose from 410,000 to 445,000 last week. The report was rather depressing as the market participants expected decrease to 405,000. Together with the discouraging data from the previous week today’s […]
Read more
January 132011
Sterling Falls vs. Euro as Key Interest Rate Remains Unchanged
The Great Britain pound weakened versus the euro today as Britain’s central bank kept the interest rates unchanged and the outlook for European economy improved. The currency continued its advance against the US dollar. Mervyn King, the Governor of the Bank of England, and the Monetary Policy Committee left the key interest rate at the record low 0.5 percent and the program of asset purchases at £200 billion. The outlook for resolution of the European debt crisis improved as demand for Spanish bonds […]
Read more
January 132011
Chilean Peso Rises with Inflation Expectations
The Chilean peso rose today as the inflation is expected to jump to the highest level in two years, causing the analysts to scrap forecasts that the interest rates won’t be increased. Chilean official announced plans to buy the US dollar, weakening the peso initially, but causing the speculation that the inflation may surge to 3.6 percent by the end of the year. Higher inflation expectations prompted the analysts to expect the interest rates hike, perhaps to 3.5 percent. […]
Read more
January 132011
US Jobless Claims Increases, EUR/USD Advances
EUR/USD continued its rally today on optimism about the auctions of the European debt. It looks like demand for bonds of the indebted nations of the European Union increased after China and Japan announced their plans to help Europe. US economic data was positive for the most part today, but labor market continues to disappoint traders. EUR/USD currently trades near 1.3265. PPI rose 1.1% in December on a seasonally adjusted basis, while […]
Read more
January 132011
Canadian Dollar Benefits from Rising Stocks & Commodities
The Canadian dollar rose against its US counterpart as commodities and stocks gained, increasing attractiveness of assets related to economic growth, on the speculation that the European crisis may be resolved. February delivery for crude oil, the key Canadian export, jumped $0.75 to $91.86 per barrel on NYMEX as US crude oil inventories decreased more than was predicted. March delivery for in copper advanced $0.0405 (0.9 percent) to $4.3895 per on COMEX. […]
Read more
January 132011
Swiss Franc Weakens vs. Euro as Worries for Debt Crisis Abate
The Swiss franc weakened versus the euro as the efforts of the European and Asian governments to contain the European debt crisis and the advance of commodities and stocks decreased demand for the currency as a safe haven. Portuguese bonds advanced in the second half of the previous trading session after Portugal auctioned its debt in the first half. European leaders are going to meet next week in order to discuss the bailout for Portugal. The rescue fund, used to bailout indebted nations, may be […]
Read more