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Day: March 17, 2011
March 172011
Canadian Dollar Rallies with Commodities
The Canadian dollar gained today as commodities, including crude oil, the main export of Canada, rallied amid the speculation that the global recovery is accelerating. April delivery for crude oil rose 3.5 percent to $101.40 per barrel in New York on concerns that the tension in Middle East and North Africa will disrupt supplies of crude. The Thomson Reuters/Jefferies CRB Index of raw materials gained as much as 3.3 percent, the biggest intraday advance […]
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March 172011
SNB Holds Libor Rate, Franc Fluctuates
The Swiss franc fluctuated today after jumped on the previous trading session and fell at the beginning of today’s session, while the Swiss central bank left its benchmark interest rate unchanged. The Swiss National Bank maintained the London Interbank Offered Rate (Libor) unchanged at 0.25 as was predicted by analysts. Today’s decline of the franc hasn’t offset yesterday’s gain on the concerns about the situation in Japan. USD/CHF traded today at 0.9025 as of 14:13 GMT after […]
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March 172011
Malaysian Ringgit Falls as Fear of Radiation Leak in Japan Grows
The Malaysian ringgit weakened today as the nuclear crisis in Japan caused worries that the global economic recovery will slow, reducing appeal of assets of the Asian countries. Foreign governments has started evacuating of the citizens from Tokyo after US Nuclear Regulatory Commission stated yesterday that the Fukushima Dai-Ichi power plant is releasing “extremely high” levels of radiation that can be dangerous to life. The MSCI Asia-Pacific Index of shares […]
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March 172011
EUR/USD Declines, Yet Remains Stronger Than Yesterday
EUR/USD were rising at the first half of today’s trading session and started to decline later, but for now it trades above the opening level. The reports today were generally positive, with the notable exception of the industrial production and capacity utilization that declined in February. EUR/USD trades at 1.3991 now. Initial jobless claims decreased to 385k from the previous week’s revised figure of 401k, close to the predicted 388k. (Event A on the chart.) CPI increased […]
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March 172011
Risk Aversion Decreases Attractiveness of Canadian Dollar
The Canadian dollar fell against the euro as risk aversion, that followed the earthquake, the tsunami and the radiation leak from the nuclear plant, decreased appeal of currencies linked to growth. The currency pared losses versus its US counterpart, rising today after falling for two day. The nuclear agency of the United Nations plans an emergency meeting to find a way to deal with the crisis at Japanâs Fukushima Dai-Ichi power plant. The Standard & Poorâs 500 […]
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