PipStory

Being ranked amongst the highest as regards to its economy, the Canadian currency (CAD) has become a matter of mounting interest to the world. To learn of its development we overview its monetary and fiscal policy, factors which move CAD and affect its value, the important indicators of Canadian economy and the trade of CAD.

Euro rose sharply against the yen and dollar in Asia last Monday, because the series of the remarks from the European Central Bank shows that authorities had taken necessary measures for prompting non-Japanese hedge funds to buy the euro.

On Tuesday the euro rise against the dollar, reversing earlier losses as a firmer-than-expected German sentiment survey offset concerns about the country’s banking sector.A bigger-than-expected rise in the German Ifo November business climate index has helped the euro. The index rose to…

On Monday the euro has shown some advancement, hovering near the $1.50 level in New York trading as demand for the greenback has been hurt by the comments from a Federal Reserve official. The remarks helped in encouraging a broad rally in global stocks, oil, gold and higher-yielding currencies that reversed…

The Canadian dollar has drooped down against 13 of its 16 most-traded counterparts and it has gained only against the currencies of New Zealand, Australia and South Africa. The U.S. dollar has shown a rise against all but two major currencies as…

As the U.K. posted its worst deficit figures since the measurement start, the pound had a negative week against the U.S. dollar. This has decreased the attractiveness for the British currency which has performed positively in the week…

On Friday the dollar rise, giving an extension to the previous day’s gains as investors retreated from riskier assets, taking the shine off higher-yielding currencies such as the Australian dollar.Today Tokyo’s Nikkei average fell 0.5% and after the U.S. S&P 500 index suffered its worst one-day percentage fall in three weeks on…

On Thursday the dollar and yen shows a rise as a pullback in risk appetite amid falls in equity and commodity markets revived safe-haven demand for the U.S. and Japanese currencies…

On Wednesday the dollar fell against most major currencies as dealers took profits on the currency’s biggest rise in three weeks, having fresh data doing little to change the view that U.S. interest rates will remain at record lows well into 2010…

In New York trading Monday the euro began the week stronger against the dollar, as positive Japanese economic data released overnight reinforced investor confidence in a global…