The Canadian dollar fell today after the report showed that number of unemployment claims in the US increased and on the speculation that the rally of commodities and stocks isn’t sustainable. The currency attempts to recover against the US dollar at present.
January 13th, 2011 at 6:34
The Canadian dollar rose against its US counterpart as commodities and stocks gained, increasing attractiveness of assets related to economic growth, on the speculation that the European crisis may be resolved.
The Australian dollar wasn’t been able to profit from the rally of commodities and continued to fall as the floods, which are worst since 1893, threaten to disrupt the nation’s economy and can prevent the central bank from raising the interest rates.
The Canadian dollar pared losses against its US counterpart today as the rally of commodities outweighed the impact of the increasing concerns about the fiscal crisis in the European Union.
January 10th, 2011 at 22:00
The US dollar declined today as commodities and stocks rebounded after the last week’s slump, decreasing the demand for the greenback as a safe haven.
This week was very positive for the US dollar as the US economy showed the signs of the sustainable growth, but the end of the week spoiled the positive sentiment to some degree as the labor market wasn’t as strong as was expected.
January 08th, 2011 at 1:12
The Canadian dollar soared today after the report showed that the Canadian employers added more jobs than the market participants expected and as the unemployment rate in the US dropped, suggesting that the economic recovery in the North American nations are gaining momentum.
January 07th, 2011 at 6:46
The rally of the US dollar weakened its Australian counterpart as the drop of commodities, which was cause by the rally of the greenback, damped the appeal of the commodity currencies.
January 07th, 2011 at 5:57
The US dollar rallied as the improving labor market in the US increased the attractiveness of the greenback, while the equities and the commodities declined.
The South African rand extended its decline versus the US dollar today as the favorable US economic reports strengthened the dollar, while the slump of commodities weakened the rand.