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Day: July 13, 2015
July 132015
Loonie Drops vs. Greenback, Gains on Euro & Yen
The Canadian dollar dropped against its US peer on Monday as the news about the Greek bailout deal did not prevent the greenback from rallying. The loonie was stronger against other currencies, including the euro and the Japanese yen. The positive news from Europe did not deter the US dollar from rallying as traders now focus on the probable interest rate hike from the Federal Reserve later this year. Additionally, there […]
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July 132015
Euro Down Across the Board After Greek Agreement Announced
Euro is struggling today after the announcement that a deal has been reached with Greece in order to land another bailout. Even though the deal is supposed to prevent a “Grexit”, the reality is that the “aGreekment” may not actually go through and there are concerns about implementation. In what some see as capitulation by Greek Prime Minister Alexis Tsipras, an agreement to austerity measures has been reached, and European Union […]
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July 132015
US Dollar Index Gains Ground as Traders Look Ahead to Data
US dollar index is gaining ground today as Forex traders look ahead to what are expected to be positive data releases later this week. Greenback is trading a little mixed against its major counterparts, moving down against the pound, but the dollar index is higher. US dollar is getting a boost against the euro as the Greek drama once again takes center stage, even with […]
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