Canadian dollar is losing ground today, dropping as the the US Federal Reserve considers reducing its economic stimulus efforts. It’s also not helping the loonie that oil prices are dropping again.
Dollar Recovers, Remains Vulnerable
May 21st, 2013 at 1:16
The US dollar recovered a bit today after yesterday’s losses, but still remained soft amid speculations that the Federal Reserve may reduce its asset purchase program.
Speculations About End of QE Pushes Dollar Upward
May 18th, 2013 at 19:11
This week was relatively quiet in terms of news, though some important macroeconomic reports were released. Meanwhile, the US dollar was rising against other most-traded currencies and the Dollar Index surged to the highest level in almost three years.
Labor Unrest in South Africa Hurts Rand
May 17th, 2013 at 8:15
The South African rand weakened today, extending its longest decline in a year and touching the lowest level in four years, on concerns that worker strikes and falling commodity prices will hurt the nation’s economy.
Canadian Dollar Drops on Speculations About End of Fed’s QE
May 16th, 2013 at 22:33
The Canadian dollar dropped today as speculations about reduction of quantitative easing by the US Federal Reserve continued, trimming risk appetite of investors and making them less willing to buy risky currencies.
CAD Gains vs. USD & EUR on Economic Data, Flat vs. JPY
May 15th, 2013 at 23:01
The Canadian dollar gained against the euro and the US dollar as macroeconomic data from the eurozone and the United States was bad. The currency was flat versus the Japanese yen.
US Dollar Index Heads Higher
May 14th, 2013 at 13:32
US dollar is heading higher today, gaining as the rush for global liquidity sends other currencies down. Greenback is also finding support from some of its better than expected economic data — which also happens to indicate that it is in better shape than some other currencies.
Will Dollar’s Rally Continue? It May
May 13th, 2013 at 22:32
The US dollar has rallied last week and the rally was strong. Will the advance continue this week? Most analysts believe it will, but there may be obstacles for the currency.
US Dollar Mostly Rangebound as Traders Look for Direction
May 13th, 2013 at 15:35
US dollar is mostly rangebound today, turning in a mixed performance as traders look for direction and speculation about what’s next for the Federal Reserve raises questions about what’s next.
Yuan Firm on Hopes for Capital Inflows
May 03rd, 2013 at 10:52
The Chinese yuan was strong today together with other Asian countries on hopes that monetary stimulus in developed nations will result in higher capital inflows into the region. Domestic fundamentals were less supportive for the currency though.
