USD/CAD decreased on Spanish bailout news

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Source: Forexpros

The U.S. dollar decreased versus the Canadian currency on Monday, as Spanish bailout news continued to sustain high demand for risky assets. USD/CAD peaked at 1.0201 in the early U.S. trade, and later consolidated at 1.0241, which was a 0.17% drop from the beginning of the session. The pair's support was likely to be found at 1.0137, and resistance was prone to be at 1.0258.

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Mon, 11 Jun 2012 18:42:37 GMT

Canadian stocks gain on Spanish request

Canadian markets edged higher on news about Spanish aid request from the EU. The Standard & Poor TSX jumped 0.1 per cent. The country's currency weakened versus the USD, with the greenback buying C$1.0271, comparing to C$1.0224 in the previous session.

Mon, 11 Jun 2012 22:33:38 GMT

Copper gained 2% on Spanish euphoria

Futures for copper gained 2% in the European Monday morning trading session, as investors were more confident after the EU agreed to bailout Spain up to EUR100 billion. On the NYMEX, July delivery futures for copper were traded at USD3.354 per pound. It earlier peaked at USD3.400, gaining 3.5% from the beginning of the trading session.

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