Day: April 22, 2016

April 22
2016

Oil Gives Canadian Dollar a Bump

Canadian dollar is getting a bit of a bump against its major counterparts today, thanks in large part to higher oil prices. With oil prices gaining again, that is helping the loonie, and should provide some support for the economy, although more swings are likely. The story of the Canadian dollar the last few months has been tied to oil, and its swings in the market. Canada relies heavily on oil, and the recent market […]

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April 22
2016

Australian Dollar Gains amid Confused Market Sentiment

Commodity currencies were mixed today as disappointing earnings of US companies did little to help in buoying the investors’ sentiment, but the rally of crude oil was lending support. The Australian dollar was the strongest among most-liquid commodity currencies, gaining on its major rivals. Quarterly earnings of US companies were mixed. Among losers were Alphabet, Microsoft, Visa and Starbucks. This soured the mood of investors. At the same time, oil prices […]

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April 22
2016

Yen Sinks amid Stimulus Speculations

The Japanese yen sank today amid speculations about possible monetary stimulus from the Bank of Japan. Japan’s economic data was not helpful to the currency as well. According to reports, the BoJ is considering various measures to stimulate the struggling economy of Japan. Among possible steps may be a cut of interest rates deeper into the negative territory. The bank will conduct its meeting on April 28. Meanwhile, the Nikkei Flash Japan […]

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