- 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: June 10, 2011
June 102011
CAD Falls as Positive Fundamentals Muted by Drop of Crude
The Canadian dollar fell today against the US dollar and the Japanese yen as stocks and crude oil declined. The currency gained versus the euro as the macroeconomic reports showed positive tendencies in Canadian employment. Employment in Canada rose by 22,000 in May, following the 58,300 changed in April. The unemployment rate unexpectedly edged down 20 basis points to 7.4 percent. The labour productivity of Canadian businesses increased 0.4 percent in the first quarter of 2011, rising for the third […]
Read more
June 102011
Dollar Recovers on Positive Fundamentals
The US dollar climbed today after the positive macroeconomic reports eased concerns that the US economy is weakening and allowed the currency to recover from the recent slump. The US import and export prices both rose 0.2 percent in May. The import prices increased as higher non-fuel prices outweighed decline of fuel prices. The deficit of the federal budget was $57.6 billion last month, compared to the median forecast of $123.2 billion. Virtually all […]
Read more
June 102011
New Zealand Dollar Near Record
The New Zealand dollar traded near record today as commodities and equities gained, while China’s imports increased, improving prospects for New Zealand’s exports. The annual growth of China’s imports was 28.4 percent last month. The MSCI Asia Pacific Index of regional shares rose 0.2 percent. The Reuters/Jefferies CRB Index of raw materials climbed 0.7 percent yesterday. NZD/USD traded at 0.8250 as of 13:01 GMT today after rising from […]
Read more
June 102011
South Korea’s Central Bank Raises Rates, Boosts Won
The South Korean won rose today against the euro and gained versus the US dollar before retreating as the nation’s central bank lifted its main interest rate to rein the inflation. The Bank of Korea raised its Base Rate by 25 basis points to 3.25 percent today. The Bank was pretty optimistic regarding the nation’s economic growth in its Bank of Korea: For Korea, the Committee judges that, despite the temporary sluggishness of domestic demand, […]
Read more
June 102011
EUR/USD Falls on Better-Than-Expected Fundamentals
EUR/USD tumbled today on the speculation that the economic imbalances in the European Union will force the European Central Bank to slow pace of interest rates hikes, while the US economy shows sign of recovery. The reports about import and export prices and about the budget balance were surprisingly good. EUR/USD currently trades at about 1.4350. US import and export prices grew in May. Import prices increased 0.2% in May after advancing 2.1% […]
Read more
June 102011
Loonie Falls as Canada’s Trade Gap Widens
The Canadian dollar slid today as the report that the Canadian trade balance deficit unexpectedly widened outweighed the increase of crude oil prices. Canada’s trade balance deficit increased to C$924 million in April from C$417 million in March, while analysts expected a surplus of C$400 million. The New Housing Price Index rose 0.3 percent in April, compared to the market expectation of a 0.6 percent growth. Analysts estimated, before the report from Statistics […]
Read more
June 102011
Euro Weakens as ECB Holds Rates, Economy Falters
The euro went down after the European Central Bank kept its benchmark rates unchanged, while reports showed that France’s and Germany’s trade balance deteriorated. The currency regained some of its strength today. The ECB left its interest rate on the main refinancing operations unchanged at 1.25 percent. Jean-Claude Trichet, President of the ECB, was moderately optimistic and said on the press-conference after the monetary policy decision: Furthermore, the most recent data […]
Read more