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Day: January 9, 2015
January 92015
CAD Drops to Lowest Since May 2009 vs. USD
Macroeconomic reports from Canada were universally bad today, driving the Canadian dollar lower against most of major peers. The currency reached the lowest level since May 2009 against the US dollar. While the US employment reports had some negative parts in it, Canadian employment data was simply bad as the number of jobs fell by 4,300 in December. The reading was not as bad as the November drop by 10,700 but also […]
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January 92015
Dollar Drops After Stellar NFP; What’s the Reason?
The US dollar dipped against its major peers today even though US non-farm payrolls came out even better than optimistic expectations. Can the weird behavior be explained? So happens, market analysts have a theory that justifies the poor performance of the US currency. US non-farm employment grew by 252,000 in December, more that analysts have forecast (241,000). On top of that, the previous month’s reading received […]
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January 92015
EUR/USD Reverses Decline Despite Amazing Nonfarm Payrolls
EUR/USD edged up today, erasing yesterday’s losses. It was a big surprise as US nonfarm payrolls were amazingly good and should have driven the currency pair further down. Market analysts explain such behavior by the unexpected drop of average hourly earnings that spoiled otherwise stellar employment data. Nonfarm payrolls grew by 252k in December, exceeding optimistic analysts’ projections of 241k. Moreover, the November value was revised […]
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January 92015
Canadian Dollar Mixed During Early Friday’s Trading
The Canadian dollar was mixed at the early trading on Friday. While the currency attempted to extend its rally versus the Japanese yen, it was trading virtually flat against the euro and the US dollar. The Canadian dollar was rising for two days against the yen and is now attempting to extend its rally for a third session. The currency also gained for two sessions versus the euro but halted its advances as of now. As for the loonie’s performance […]
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