Wednesday, 29 May 2013 03:54
Posted by Imaduddin
TORONTO: The Canadian dollar weakened by more than half a cent against its US counterpart on Tuesday, as the greenback gained on robust economic data that supported a view of the Federal Reserve starting to unwind its stimulus program in coming months.The loonie, as Canada's currency is colloquially known, has fallen sharply in recent weeks as domestic data suggests the economy will lag behind its larger neighbor, the United States.It was not alone on Tuesday, as a string of major currencies including the euro and yen slipped against the US dollar while North American stock markets gained."We have had strong equities but a generally weak environment for (non-US) currencies today," said Camilla Sutton, chief currency strategist at Scotiabank.Currency traders are also looking ahead to the Bank of Canada rate decision on Wednesday, as they consider the outside chance that outgoing Governor Mark Carney moves the central bank to a neutral ...
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TORONTO: The Canadian dollar weakened by more than half a cent against its US counterpart on Tuesday, as the greenback gained on robust economic data that supported a view of the Federal Reserve starting to unwind its stimulus program in coming months.The loonie, as Canada's currency is colloquially known, has fallen sharply in recent weeks as domestic data suggests the economy will lag behind its larger neighbor, the United States.It was not alone on Tuesday, as a string of major currencies including the euro and yen slipped against the US dollar while North American stock markets gained."We have had strong equities but a generally weak environment for (non-US) currencies today," said Camilla Sutton, chief currency strategist at Scotiabank.Currency traders are also looking ahead to the Bank of Canada rate decision on Wednesday, as they consider the outside chance that outgoing Governor Mark Carney moves the central bank to a neutral ...
NEW YORK: A jump in US consumer confidence and a surge in home prices gave the dollar a boost Tuesday, erasing the euro's rebound of the past week.At 2100 GMT, the dollar was at $1.2855, compared to $1.2931 late Monday.The yen slipped, with the dollar pushing to 102.32 yen from 100.95 Monday and the euro gaining to 131.61 yen from 130.54.The dollar earned early support from the release of the S&P/Case-Shiller report on March US ...
TORONTO: The Canadian dollar weakened marginally in early trade on Tuesday, as the currency hovered near recent lows ahead of a Bank of Canada rate decision due on Wednesday.The loonie, as Canada's currency is colloquially known, has fallen sharply in recent weeks as domestic data suggests the economy will lag behind its larger neighbor, the United States."There definitely seems to be a desire to take some exposure to Canada off the table at the moment," ...
NEW YORK: The yen Friday gained against the euro and the dollar as heavy volatility in the Japanese equity market reverberated through the currency market.Near 2200 GMT, the euro bought 130.82 yen, down from 131.72 yen late Thursday.The dollar traded at 101.14 yen, down from 101.82 the prior day.The euro was essentially flat against the dollar, trading at $1.2936 compared with $1.2935.Analysts noted that Japanese officials were concerned by Thursday's seven-percent plunge in the Japanese ...
NEW YORK: The dollar was on track for its biggest daily drop in more than five weeks against the yen on Thursday after a sharp slide in Japanese stocks and weak Chinese factory activity data prompted a rush for the safe-haven Japanese currency.The yen also rallied versus the euro and other currencies, further buoyed by a jump in 10-year Japanese government bonds yields, to 1.000 percent, the highest in a year.China's factory activity shrank for ...
