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C$ weakens to session low after disappointing GDP data TORONTO: The Canadian dollar weakened to a session low against the greenback on Monday after data showed the domestic economy grew at a slower pace than expected in April.The Canadian dollar was at C$1.0696 to the greenback, or 93.49 U.S. cents, weaker than Friday's close of C$1.0661, or 93.80 U.S. cents. The loonie touched a session low of C$1.0697 shortly after the data was released. Copyright Reuters, 2014 ...

Dollar slips vs. euro after dim US economic data NEW YORK: The dollar slipped against the euro Friday after dreary data on the US economy this week had traders expecting the Federal Reserve will keep ultra-low interest rates well into 2015.On Thursday US consumer spending data for May showed a mere 0.2 percent increase from April, but adjusted for inflation, spending actually fell 0.1 percent.News of the weakness in consumer spending, the main driver of the US economy, came a day after the government ...
C$ builds on recent momentum, hits 5-1/2 month high TORONTO: The Canadian dollar firmed against the greenback on Thursday, hitting a 5-1/2-month high as a dearth of domestic economic data this week cleared the way for it to extend its recent run higher.Some weakness in the US dollar also benefited the Canadian dollar after data showed US consumer spending rose less than expected in May.The loonie has only declined in one session this week so far, continuing the gains it made last week on ...
Dollar gains slightly after US data fails to derail growth outlook NEW YORK: The U.S. dollar edged higher against a basket of major currencies on Thursday after U.S. data on consumer spending and jobless claims did not stray far enough from expectations to disturb optimism surrounding economic growth.The Commerce Department said consumer spending increased 0.2 percent in May after being flat in April. Spending, which accounts for more than two-thirds of U.S. economic activity, had been forecast rising 0.4 percent.In a separate report, the Labor Department ...
Larger Q1 contraction send US dollar lower NEW YORK: A much larger than expected first quarter contraction in the US economy sent the dollar lower Wednesday, with investors taking the report as dovish for interest rates.US treasury yields also sank on the news that the economy shrank 2.9 percent in the January-March period, far greater than the 1.0 percent previously estimated and the sharpest fall since the 2008-2009 recession.That put a damper on recent speculation that growth is stronger than the Federal ...
Dollar holds steady despite upbeat US economic data NEW YORK: The dollar held steady on Tuesday amid positive US economic data seen as not strong enough to push the Federal Reserve to advance the start of interest rate increases.US consumer confidence rose in June to its highest level since January 2008 and new-home sales scored their strongest monthly gain in 22 years in May, hitting the highest pace since May 2008."At the start of the week we were skeptical about the ability of ...
Euro holds steady despite weak eurozone data NEW YORK: The euro held largely unchanged against the dollar Monday, despite poor economic data for the 18-nation eurozone pointing to slowing growth, and a deeper contraction in France."Forex volatility continues to trade near record-lows and seemingly little promises to break the euro and the US dollar out of recent ranges," said David Rodriguez at DailyFX.Eurozone business activity slipped for the second month running in June, suggesting the single-currency bloc's modest recovery could be stalling.Markit ...


Index Closing Chg%
Arrow DJIA 17,039.49 0.36
Arrow Nasdaq 4,532.11 0.12
Arrow S&P 1,992.37 0.29
Arrow FTSE 6,777.66 0.33
Arrow DAX 9,401.53 0.93
Arrow CAC-40 4,292.93 1.23
Arrow Nikkei 15,586.20 0.85
Arrow H.Seng 24,994.10 0.66
Arrow Sensex 26,360.11 0.17

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Foreign Debt $61.805bn
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WeeklyAugust 15, 2014
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