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Canadian Dollar Looks to Inflation Report For Next Moves
Canadian Dollar Looks to Inflation Report For Next Moves Fundamental Forecast for Canadian Dollar: Neutral – Canadian Dollar To Consolidate Versus U.S. Dollar – Canadian Housing Starts at Slowest Pace in 2010 The Canadian dollar pushed lower against its U.S. namesake last week, falling some 0.97 percent through Fridays close. As the USDCAD has been relatively unchanged this past week, and …
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Euro falls to three week low versus dollar
NEW YORK, Aug 13 (Reuters) The euro extended declines versus the dollar to hit a fresh three-week low in mid-morning trading on Friday. The euro fell as low as $1.2758, its weakest level since July 22, according to Reuters data. It was last at $1.2766, down 0.4 percent on the day.
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Rupee ends lower by six paise at 46.76 against Dollar
Mumbai, Aug 12 : The Rupee today continued to weaken, losing six paise, to close at 46.76 against the dollar on sustained buying support for the American currency from bankers, traders at the Interbank Foreign Exchange (FOREX) said here.
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Central bank buys another $90 million to prop up dollar
The Bank of Israel bought $90 million in the foreign exchange market yesterday, a purchase that helped weaken the shekel. The dollar meanwhile rose 0.24% against the local currency to a representative rate of NIS 3.800, after starting the day with a drop of 2.4%.
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Q+A-Why is the yen so strong against the dollar?
Q+A-Why is the yen so strong against the dollar?
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Dollar edges upwards before US jobs data
The dollar rose slightly against the euro and yen on Friday as investors avoided big bets before the release of US jobs data that may indicate a slowdown in the world’s biggest economy, analysts said.
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US jobs data sends dollar lower
NEW YORK: The US dollar traded lower against the euro and the yen on Friday as investors fled from the greenback after weak jobs figures. News that the US economy shed more jobs than expected in July dominated the day’s trade.
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Canadian Dollar Trading at Resistance
Weekly Bars Prepared by Jamie Saettele Finding a USDCAD low has proved elusive. There is nothing from a wave structure standpoint that inspires confidence in either direction but there is the presence of a potential inverse head and shoulders pattern (since the October 2009 low). Of course, a break above the neckline near 10850 (defended by the 200 day SMA) would be required for confirmation …
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