There is market optimism in the global financial markets, and the safe haven US dollar is expected to fall against its Canadian currency counterpart. The bipartisan US Congress finally agreed to and voted for a budget deal...
The British pound is looking forward to some respite in its exchanges versus the US dollar after finding support at the 1.6108 price mark. Fiscal cliff talks resume today in the United States, and the markets are...
Even with the risk that the world’s largest economy could enter a recession, the Canadian dollar had the biggest intraday jump in almost two weeks against its US counterpart amid investor optimism about the country’s economic prospects.
Market expectations that a resolution to the budget impasse will soon be reached, and the United States will avert the looming fiscal cliff, has risk confidence supporting demand for the Canadian dollar over the Australian currency.
The Euro is deemed to continue its strength opposite the US dollar today as European Central Bank President Mario Draghi foresees a gradual economic recovery for the Euro Zone in the next year.
The Japanese yen is foreseen to maintain its slump opposite the US dollar today as conservative ex-premier Shinzo Abe, who pledged more aggressive monetary policy, will get a second chance to lead Japan after his Liberal Democratic...
The US dollar is presumed to continue its weakening trend alongside the Swiss franc today on views that negotiations to avoid the debilitating fiscal cliff of tax increases and spending cuts are not making headway with the...
The Federal Reserve is expected to announce today an expansion of its asset purchases program that is likely to weaken the valuation of the US dollar versus the Canadian currency. Hopes also continue to rise as talks...
The Japanese yen is believed to weaken alongside the US dollar in the exchanges today as fresh data revealed that the world’s third largest economy had entered a technical recession in the September quarter. The report has...
Japan’s Final Gross Domestic Product dropped to -0.9 percent in Q3, which left the estimate unchanged from Q2. Economists had on average expected the GDP contraction to be revised to a slightly better 0.8 percent decline.
