Posts published in July 2010

Loonie Weekly Recovery — Stocks and Oil

The Canadian dollar managed to grow this week and almost recovered from the last week’s losses against the U.S. dollar, as the the global stock markets gains combined with an excellent dynamics of the crude oil…

Read More

Britain’s GDP Data Pushes Pound Up

The Great Britain pound jumped against all other major currencies today as the British GDP data release surprised all Forex market participants with extremely high values, beating even…

Read More

European Data Boosts Australian Dollar

Better than expected news from the Eurozone helped the Australian dollar to grow against all other major currencies today despite the pessimism expressed by the RBA yesterday. The Aussie rose against the greenback…

Read More

Korean Won Recovers on Corporate Report

The South Korean currency recovered its losses after dipping down earlier today as the corporate report from Hynix boosted the investors’ interest in the country’s stock market. The South Korean won was…

Read More

Bank of Canada Raises Rate, CAD Reacts Positively

The Canadian dollar rose against all major currencies after the country’s central bank decided to increase the target overnight rate to 3/4 percentage point on its meeting today. The Bank of Canada announced…

Read More

Near-Term Outlook for Decline of U.S. Dollar

The U.S. dollar was rising as the European crisis increased the demand for the safe currencies, but recently began to decline as the focus of the concerns turned to the U.S. themselves. While at the end of this week the greenback rebounded…

Read More

Australian and N.Z. Dollars Rise on China’s Growth

The Australian and New Zealand dollars rose significantly against the other major currencies today as the Chinese stock market demonstrated growth on talks that the government may easy the investment regulations. The Aussie and the kiwi…

Read More