Canadian Dollar drops on slow-moving economy

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
The Canada's currency decreased as Bank of Canada Governor Stephen Poloz revealed the economy is still significantly behind its potential and inflation remains low, limiting the possibility of interest rate increase. The Loonie declined 0.3% to C$1.0403 per Greenback as of 10:11 a.m. Toronto Time. The Bank of Canada increased this year's growth forecast from 1.5% in April to 1.8%.
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Wed, 17 Jul 2013 19:20:08 GMT

U.S. Dollar appreciates as Bernanke testifies

The U.S. Dollar climbed versus the Euro, as the Federal Reserve Chairman Bernanke has given hint on the Fed's plans tapering asset purchases. The greenback advanced 0.53% to $1.3092 versus the common currency at 2:47 p.m. GMT. Versus the Japanese Yen, the currency gained 0.68% to 99.76. Against the Kiwi, the Dollar rose 0.11% to 0.7882.

Wed, 17 Jul 2013 15:49:05 GMT

Sterling climbs as BOE officials are against expanding stimulus

The U.K. Pound advanced versus the greenback and the 17-nation currency after the Bank of England released its minutes of most recent meeting. The minutes showed that officials voted against expansion of monetary stimulus progamme. The currency gained 0.6% to $1.5248 as of 2:29 p.m. in London after decreasing to $1.5079 previously.

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