Posts published in July 2015

Euro Avoids Weekly Losses, Greek Referendum in Focus

The main focus of the past trading week was the situation in Greece, particularly the upcoming referendum on austerity demanded by international creditors. Surprisingly, this did not mean another week of losses for the euro as the currency…

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Canadian Dollar Follows Crude Oil in Slump

The Canadian dollar dropped against other major currencies during Friday’s trading. Unlike in the case of the Great Britain pound, the reason for the drop was rather obvious — the big slump of crude oil…

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Pound Ends Friday with Losses, Erasing Earlier Rally

The Great Britain pound dropped by the end of Friday’s trading following the rally earlier during the session. The rally was caused by the better-than-expected data about the UK services sector. The Markit/CIPS UK Services PMI…

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