Canadian Dollar strengthens on global economic outlook

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy Bank
Canadian currency appreciated against US Dollar reaching the highest value since January as investors expected the improving global growth will stimulated Canada's exports and cause the increase in key interest rate. Loonie gained 1% versus its US peer to CAD 0.9893. Currently USD/CAD is trading at CAD 0.9901.
Back to articles

Actual Topics

Mon, 05 Mar 2012 07:53:41 GMT

Canada's GDP expanded by 0.4% in February

Canada's GDP raised more than expected last month, according to Statistics Canada. The GDP expanded by 0.4% on a seasonally adjusted basis, after falling by 0.1% in January. Experts predicted the GDP to grow by 0.3% in February. Consumer spending and exports were the most significant contributors to the GDP growth.

Mon, 05 Mar 2012 08:22:46 GMT

Euro depreciates against Yen ahead of retail sales data

17-nation currency weakened versus Japanese Yen for a fourth straight day as analysts predicted retail sales in Europe may have declined for a third consecutive month. Euro slipped 0.6% versus Japanese currency to JPY 107.29 and traded almost flat against its US peer at USD 1.3195. Currently EUR/JPY is trading at JPY 107.32 while EUR/USD is trading at USD 1.3202.

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.