- 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: February 22, 2013
February 222013
CAD Falls on Declining Retail Sales & Slowing Inflation
The Canadian dollar dropped, touching the lowest since June against its US counterpart, today as retail sales dipped in December and annual inflation was slowest in three years. The currency managed to trade sideways versus the Japanese yen, which was weakened by prospects of intervention. The Consumer Price Index rose 0.5 percent in January from a year ago after rising 0.8 percent in December. This was the smallest gain since October […]
Read more
February 222013
Ringgit Gains, Still Heads to Weekly Loss
The Malaysian ringgit rose somewhat today, but was still heading to weekly loss as the risk aversion sentiment on the market deterred Forex traders from buying risky currencies. The Federal Reserve released the minutes of its last January policy meeting this week, showing that some members of the board talked about varying pace of asset purchases. Traders interpreted such words as a sign that the Fed is going to slow the purchases […]
Read more
February 222013
Japanese Yen Weaker as World Leaders Fail to Criticize Stimulus
Japanese yen is weakening again, dropping as world leaders fail to criticize Japan’s aggressive easing efforts in the name of economic stimulus. Without pressure to stop easing, there is speculation that Japan’s campaign to weaken the yen will soon be back on track. Even as US President Barack Obama prepares to meet with Japanese Prime Minister Shinzo Abe, the yen is dropping. Many thought that Japan would […]
Read more
February 222013
Turkish Lira Heads to Weekly Decline
The Turkish lira fell today and headed to significant weekly decline as this week’s interest rate cut by the nation’s central bank reduced attractiveness of lira-denominated bonds. The yield on Turkish debt maturing in two years fell to the record low of 5.67 percent yesterday. The Turkish central bank explained its recent rate cuts by concern that the overvalued currency had led to increasing current-account deficit. The lira was also weak as the last minutes […]
Read more
February 222013
Euro Struggles on Disappointing Bank Pay Back News
The news that European banks planned to repay ECB crisis loans on an early schedule has been helping the euro in recent weeks. Therefore, when the report came that banks hadn’t repaid as much as some expected, the euro took a hit. The 17-nation currency is struggling today. Euro touched a low not seen for six weeks today following the release of a report on European banks’ repayment of crisis loans. The European Central Bank […]
Read more
February 222013
GBP Strong vs. USD & EUR, Falls vs. JPY
The Great Britain pound rose erased its losses against the dollar after reaching the lowest level since July 2010 yesterday and maintained the gains today. The currency was also strong versus the euro, but stayed weak against the Japanese yen. The United Kingdom’s public sector net borrowing recorded -£11.4 billion in January, the largest surplus in five years. Part of the surplus consisted of the transfers from Bank of England’s asset purchase […]
Read more