- 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: August 17, 2012
August 172012
CAD Closes Weaker on Slowing Inflation
The Canadian closed lower against its US peer, following three days of gains, and also weakened versus the euro today after Statistics Canada reported that monthly inflation fell unexpectedly last month. The news triggered sell-off of the Canadian currency. Canada’s Consumer Price Index declined 0.1 percent in July from June on a seasonally adjusted basis, following the 0.2 percent drop in June. That was the third consecutive monthly […]
Read more
August 172012
Euro Drops in Spite of Merkel’s Recent Comments
Even though German Chancellor Angela Merkel has implied support for ECB efforts to save the euro, the 17-nation currency continues to struggle today. Euro is heading lower, and there isn’t a lot that can be done about it for now. Really, the major moves are expected next week — after Merkel meets with other eurozone leaders. German Chancellor Angela Merkel popped up in Canada to end her […]
Read more
August 172012
US Dollar Higher on Expected Volatility, Better Data
US dollar is higher today, gaining on continued concerns about the situation in Europe, as well as better economic data in the United States. Greenback is gaining as speculation about a Greek exit from the eurozone is speculated on, and as the latest consumer sentiment numbers are released. It’s been a relatively quiet week, but things are about to pick up soon. German Chancellor Angela Merkel is back from vacation, […]
Read more
August 172012
Treasury Concerned About Aussie’s Strength, Currency Falls
The Australian dollar slumped today after the Australian Treasury voiced concern about the strength of the currency and signaled that the central bank may ease its monetary policy further in order to contain the Aussie’s appreciation. The Treasury said: If the high exchange rate is judged to be inconsistent with keeping the economy close to non-inflationary full employment, we could expect that monetary policy would be eased in response, putting downward […]
Read more
August 172012
Baht Falls as Central Bank Cuts Growth Outlook
The Thai baht fell today as Thailand’s central bank cut its growth forecast for this year, spurring fears that the external negative influences would overcome domestic economic growth. The Bank of Thailand decreased its growth estimate for 2012 from 6 percent to 5.7 percent. The central bank has kept its key interest rate unchanged at 3 percent on its last policy meeting in an attempt to preserve economic growth. […]
Read more
August 172012
US Consumer Confidence & Leading Index Up, EUR/USD Down
EUR/USD dropped sharply today. Earlier, the currency pair was steady as German Chancellor Angela Merkel confirmed that Germany is ready to support attempts of the European Central Bank to save the eurozone. The data from the United States was positive today, adding to signs of economic recovery in the USA. Michigan Sentiment Index rose from 72.3 in July to 73.6 in June, according to the preliminary estimate. Analysts thought that the index would be […]
Read more
August 172012
NZ Dollar Rallies with Milk Prices
The New Zealand dollar rose against the US dollar and the Japanese yen yesterday and maintained its gains today as the rally of commodities improved outlook for New Zealand exports, meaning that the currency will be in demand. Fonterra Cooperative Group Ltd. showed on its GlobalDairyTrade website that prices for delivery of whole-milk powder in October climbed 7.3 percent, reaching the highest level in two months. The Thomson Reuters/Jefferies CRB Index of commodities gained […]
Read more