The Loonie weakens amid oil and stocks decline

Source: Bloomberg
The Canadian Dollar declined against the U.S. counterpart for a third day in a row as the ECB failed to take decisive actions to combat the Euro bloc's debt crisis, hence weighing on investors' risk appetite. The Loonie fell versus most of its 16 counterparts amid declines in crude oil and stocks, weakening 0.2% to C$1.0074 per U.S. Dollar, while gaining 0.8% versus the Euro to C$1.2197. 
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Fri, 03 Aug 2012 07:53:59 GMT

Aussie declines on curtailing demand for higher-yielding assets

The Australian Dollar headed towards 5-day loss before the U.S unemployment report, which might show that employers failed to lower the jobless rate, thus curtailing demand for higher-yielding assets. The Aussie lost 0.1% to 81.84, while declining from $1.0465 to $1.0465 against the US Dollar. On the contrary, the Kiwi gained 0.3% to 81.26 US cents and 0.2% to 63.53

Fri, 03 Aug 2012 15:55:10 GMT

Wall Street slumped on Draghi's comments

Wall Street fell on Thursday as the ECB announced no plan of action to address Eurozone's debt crisis. The Dow Jones Industrial Index dropped 0.7 per cent, to 12,886.52; the S&P 500 Index tumbled 0.7%, to 1,366.50, and the Nasdaq Composite declined by 0.1 per cent, to 2,917.17. Meanwhile, the ECB is planning to cooperate with governments in bond-purchasing program in order to stimulate Eurozone's economy,

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