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Day: November 28, 2013
November 282013
Poor Fundamentals Do Not Prevent CAD from Gaining on USD & JPY
The Canadian dollar rose against its US peer and the Japanese yen today despite negative macroeconomic reports from Canada. The currency was down versus the euro. Canada’s current account deficit decreased C$0.5 billion to C$15.5 billion in the third quarter of 2013 on a seasonally adjusted basis, but was still above forecast C$14.3 billion. The Industrial Product Price Index declined 0.3 percent in October, in line with expectations. The Raw […]
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November 282013
Euro Advances as German Inflation Accelerates
The euro advanced today against the US dollar and the Japanese yen after data showed that German consumer inflation accelerated this month. The currency was unable to beat the strong performance of the Great Britain pound. The German Consumer Price Index rose 0.2 percent in November, according the preliminary estimate, after falling by the same rate in October. An increase by 0.1 percent was predicted by analysts. Annual inflation was at 1.3 percent, a bit […]
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November 282013
Swissie Gains with Growing Economy
The Swiss franc advanced today on signs of stable growth and hopes that economy will grow even faster next year. The currency was still constrained by the cap imposed by the Swiss National Bank. Swiss gross domestic product expanded 0.5 percent in the third quarter of 2013 from the previous three months. The annual increase was at 1.9 percent. According to forecasts, growth will accelerate to 2.3 percent in 2014. USD/CHF was down […]
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November 282013
Fed Tampering Talks Hurt Malaysian Ringgit
The Malaysian ringgit fell today as positive data from the United States added to speculations that the Federal Reserve will tamper quantitative easing. Such talks deterred traders from buying riskier currencies. US jobless claims fell from 326,000 to 316,000 last week, while analysts have expected an increase. The consumer sentiment index unexpectedly jumped from 73.2 in October to 75.1 in November. The data suggests that the Fed may […]
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