Day: September 30, 2014

September 30
2014

Loonie Continues to Weaken Against the Greenback

The Canadian dollar continues to weaken against the greenback, thanks in large part to the recent difficulties with oil prices, and with commodity prices in general. The loonie is still maintaining its gains over the European currencies, though, mainly because of the relative strength of its economy. Loonie is once again lower against the US dollar as policy divergence and lower commodities favor the greenback. Even though there is speculation that the Bank […]

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September 30
2014

UK Pound Sees Some Help From Economy

UK pound is seeing a little help today in Forex trading. While there is still a trend toward overall uncertainty that is keeping the pound down against currencies like the dollar and the yen, sterling is gaining ground against the euro again. The latest economic news out of the United Kingdom show that the recovery continues to pick up steam. The Office for Nation Statistics reports that GDP grew by 0.9 […]

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September 30
2014

EUR/USD Drops on Euro Data, Recovers on US News

The US dollar rose against the euro following bad news from the eurozone today and lost some of the gains following poor reports from the United States. German unemployment growth in September (event A on the chart) and eurozone September core CPI (event B on the chart) were the biggest factors for the currency pair today. S&P/Case-Shiller index in the US national form rose at an annual rate of 5.6% in July. The annual growth in June was 6.3%. (Event […]

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