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Day: April 17, 2015
April 172015
Canadian Dollar Unable to Maintain Gains, Moves Below Opening
The Canadian dollar rallied earlier during the current trading session, hitting the two-year high versus the euro, with the help of favorable economic data from Canada. Yet the loonie was unable to keep gains and is now trading far below the opening level against other majors. Today’s macroeconomic releases from Canada were extremely good. Consumer inflation accelerated in March while analysts were anticipating slowdown. Retail sales […]
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April 172015
Euro Struggles to Keep Upward Momentum
The euro was trying to continue its march upward during the Friday’s trading session but had troubles due to the concerns about the wellbeing of the eurozone and Greece in particular. Standard & Poor’s downgraded Greece’s credit rating, announcing: On April 15, 2015, Standard & Poor’s Ratings Services lowered its long- and short-term sovereign credit ratings on the Hellenic Republic (Greece) to ‘CCC+/C’ from ‘B-/B’. At the same time, Standard & Poor’s […]
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April 172015
EUR/USD Struggles to Keep Going Upward
EUR/USD continued to rise today but halted its rally and is now struggling to keep its gains. Economic data from the United States and the eurozone was mixed, giving no edge to the currency pair. US CPI increased 0.2% in March on a seasonally adjusted basis, at the same rate as in February and in line with expectations. According to the preliminary estimate, Michigan Sentiment Index rose from 93.0 in March to 95.9 in April, far above […]
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