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Day: April 5, 2012
April 52012
Canada’s Employment Improves Beyond Expectations, Loonie Profits
The Canadian dollar climbed today, erasing earlier losses against the Japanese yen, as Canada’s employers added much more jobs than was predicted by analysts and as the unemployment rate unexpectedly dropped. Canada’s employment increased by 82,000 jobs in March, following the decline by 2,800 jobs in February. That’s significantly above the expected change by 11,300 jobs. What’s more, the unemployment rate was expected to rise from 7.4% to 7.5%, but it fell […]
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April 52012
US Dollar Index Rises Today
US dollar index is gaining today, heading higher as a combination of risk aversion and better news in the United States help boost the greenback. Worries about the eurozone are sending Forex traders to safe havens, while the better news in the United States is helping cement some of the gains. US dollar is heading higher today against major counterparts. There is an interesting combination of risk aversion and better economic data […]
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April 52012
Mexican Peso Declines as Spanish Debt Auction Makes Traders Concerned
The Mexican peso declined today for the second day as the negative impact of concerns about the eurozone, caused by the Spanish debt auction, overshadowed the positive effect of improving employment in the United States. Spain sold â¬2.6 billion of bonds today. That’s barely above the minimum target. The borrowing costs climbed, while earlier Spain said that public debt will surge to a record this year. The yield on Mexicoâs government securities maturing in 2024 increased […]
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April 52012
Spanish Yields Rise, and the Euro Falls
As concerns about the Spanish debt situation continue, and as worries about what’s next for the eurozone resurface, the euro is heading lower. The 17-nation currency is struggling against other major currencies today. One of the biggest worries right now is that Spain will not be able to stick to its austerity budget, meeting its targets. Due to these concerns, it’s more difficult to sell bonds to investors. Higher yields […]
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April 52012
Franc Rises vs. Euro, Breaks Ceiling
The Swiss franc broke thorough the cap against euro for the first time it was introduced half a year ago. The currency fell against the US dollar for the fourth consecutive trading session. The franc rose past the ceiling of 1.20 versus the euro for the first time the Swiss National Bank introduced it in September last year. It was no surprise to market analysts as the currency was steadily rising since the initial slump after […]
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April 52012
AUD Rises as Employment in USA Improves, Threatened by QE
The Australian dollar rose today on the speculation that labor market in the United States continue to improve. The currency was falling this week on the forecast that the Reserve Bank of Australia may perform quantitative easing. Yesterday, the employment report from Automatic Data Processing showed that US employment continued to grow with steady pace last month. Tomorrow, non-farm payrolls are expected to confirm that, while the unemployment rate is […]
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