Canadian Economy Shows Signs of Weakness, CAD Suffers
The Canadian dollar fell against the US dollar and the euro yesterday and remained soft today as traders were concerned that the Canadian economy is not in a very good shape. The currency was...
View ArticleCanadian Dollar Struggles After US Data
Canadian dollar is struggling today after the release of US data. Positive US data is helping support the greenback against the loonie in the midst of a serious drop by stocks. Even higher oil prices...
View ArticleSwiss Franc Weakens Despite Risk Aversion & Signs of Recovery
The Swiss franc dropped today even amid risk aversion on the Forex market and signs of economic revival in Switzerland. One might argue that the currency made a big move on Tuesday and now just...
View ArticleData from Statistics Norway Makes Krone Weaker
The Norwegian krone fell today as a set of negative reports was released today by Statistics Norway, making the nation’s currency less attractive to traders who prefer to avoid risky assets due to the...
View ArticleWeek of Central Banks, Is It Bullish for USD?
The US dollar ended both the last trading week of August and the month itself with solid gains. Should traders remain bullish on the currency? Analysts do not see reasons not to be.(...)Read the rest...
View ArticleCanadian Dollar Gains as Analysts Expect Positive Employment Report
The Canadian dollar rallied today against some other majors, including the euro and the Japanese yen, as traders expect a positive employment report tomorrow. The currency weakened a bit versus the US...
View ArticleCanadian Dollar Profits from Amazingly Good Employment Report
The Canadian dollar surged today as the domestic employment report was amazingly good, while poor non-farm payrolls in the United States reduced concerns about stimulus reduction by the US central...
View ArticleEmployment Data Adds to Strength of Sterling
The Great Britain pound advanced today as macroeconomic reports from the United Kingdom were positive yet again. The employment data was especially good, adding to evidences that economic recovery is...
View ArticleAustralian Dollar Dips on Disappointing Employment Data
The Australian dollar dipped today after the employment report came out far worse than was expected, triggering speculations about possible interest rate cut.(...)Read the rest of Australian Dollar...
View ArticleWeek Ahead of Fed Meeting: Dollar Soft
This trading week was not good for the US dollar even as traders continued to speculate about possible quantitative easing tampering at the next week’s Federal Reserve policy meeting. The currency...
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