Loonie rises as central bank may withdraw monetary stimulus

Note: This section contains information in English only.
Source: Bloomberg
The Canadian Dollar strengthened for the first time in 3 days versus the U.S. counterpart as Bank of Canada Senior Deputy Governor Tiff Macklem said officials may withdraw stimulus as the country's economy recovers. The Loonie rose 0.7% to 98.04 cents per U.S. peer. Canada's currency touched 98.84 cents yesterday, the lowest level since September 6.
Back to articles

Actual Topics

Fri, 05 Oct 2012 08:08:35 GMT

BOJ keeps its asset-purchase programme unchanged

The Bank of Japan decided to refrain from more stimulus and remain its asset-purchase programme at 55 trillion Yen ($702 billion). This was largely expected by economists. Focus now turns to the meeting on October 30 as Credit Agricole and Morgan Stanley expect two consecutive quarters of contraction through the end of the year. "I see a very high chance for easing at the next meeting,"

Fri, 05 Oct 2012 10:18:50 GMT

Aussie will rebound by the year end

The Australian Dollar will rebound by the end of the year amid demand for the world's highest-yielding assets even if the RBA lowers interest rate to a record, the currency's forecasters said. The Aussie will reach $1.05 by December 31 from $1.0268, according to Credit Agricole CIB. The median prediction from analysts is for $1.02. 

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.