- 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 13, 2012
June 132012
Poor US Fundamentals Sap Strength of Loonie
The Canadian dollar fell today against most of its major peers as poor fundamental reports from the United States dimmed prospects for Canadian exports, while European problems still damp demand for currencies tied to growth. There was a bunch of unfavorable data from the USA today. Retail sales were down 0.2 percent in May. The Producer Price Index dropped 1.0 percent, while market participants hope from much […]
Read more
June 132012
Euro Holding to Earlier Gains
Euro is holding to earlier gains, and even building again, thanks to an appearance of risk appetite. Earlier, risk appetite faded a bit after US retail sales data, but now there appears to be a resurgence in a desire for riskier assets. The euro, as a result, is regaining its advantage against the US dollar. Earlier, euro pared its gains as the US dollar began creeping higher. Concerns about the US economy were […]
Read more
June 132012
US Dollar Begins Drifting Higher on Risk Aversion
Greenback may be lower against the euro right now, but it is already showing signs of drifting higher as risk aversion makes an appearance. Retail sales data in the United States was disappointing, and now riskier assets are losing ground. That means that the euro may not have the upper hand for much longer. For now, US dollar is lower, and the dollar index is down. However, the greenback […]
Read more
June 132012
Second Day of Gains for EUR/USD, US Fundamentals Weak
EUR/USD rallied for the second day today amid speculations that European leaders will take every possible effort to keep Greece in the eurozone. Some economists believe that all the negative factors were priced in and the euro has not much room to fall further. At the same time, most of US macroeconomic reports were worse than expected, reducing appeal of the US currency. PPI fell 1.0% in May. The drop was bigger […]
Read more
June 132012
Franc Gains vs. Dollar, Tests Resolve of SNB to Keep Ceiling
The Swiss franc appreciated for the second day against the US dollar today as fears of escalating sovereign-debt crisis in Europe forced investors seek a safe haven. The currency was flat against the euro. Forex traders become more and more tense as the Greek elections near and Spain’s trouble mounting. The Swiss National Bank is hard pressed to keep the cap of 1.20 francs per euro as market participants flock to the safety of the franc. The foreign-currency reserves […]
Read more
June 132012
Mexican Peso Keeps Gains Amid Speculations About Fed’s QE3
The Mexican peso climbed yesterday and kept its gains today amid speculations that the US Federal Reserve would increase its stimulus for the US economy, improving prospects for export-oriented countries. Federal Reserve Bank of Chicago President Charles Evans hinted that he would vote for easing measures, though he does not vote on the Federal Open Market Committee this year. Nevertheless, the comment shows that US policy […]
Read more
June 132012
Pound Profits from Fears About Future of Eurozone
The Great Britain pound gained today as Forex traders quickly lost belief that the bailout for Spain would resolve the countries problems. Fears returned to the FX market and pound again was considered a refuge from Europe’s woes. Fitch Ratings said that countries of the eurozone face a risk of credit rating downgrades. Edward Parker, the Managing Director of the rating agency, even stated that the currency union may break up if […]
Read more