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Day: June 27, 2016
June 272016
Canadian Dollar Suffers as Brexit Continues Rattle Markets
The Canadian dollar was rather weak today due to the aftershock of Britain’s referendum that has ended in a vote to leave the European Union. The loonie joined other commodity currencies that were suffering from the resulting risk-negative market sentiment. The potential exit of Great Britain from the EU could have long-term negative consequences for the world’s economy. There are even talks that another strong recession is possible. That promises […]
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June 272016
NZ Dollar Fails to Rally on Rising Trade Surplus
The New Zealand dollar opened sharply lower today. The currency attempted to rally intraday but has failed and is trading below the opening level as of now. Economic data released from New Zealand over the current trading session was good. The trade surplus increased from NZ$326 million in April to $358 million in May instead of shrinking to NZ$185 million as analysts had predicted. Yet it could not help the New […]
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June 272016
Yen Continues to Rise Against Pound
The Japanese yen opened sharply higher against such major rivals as the US dollar and the euro, fell back to the Friday’s close but returned to trade near the opening as of now. The yen’s performance against the Great Britain pound was a totally different matter as the Japanese currency continued to move higher after the initial opening. Markets continue to recover from the aftershock of Britain’s referendum outcome. There is still a very high degree of uncertainty […]
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