Loonie advances on risk appetite

Source: Bloomberg
The Canadian Dollar rose to the strongest level in 12 weeks versus the U.S. Dollar as stocks and oil climbed and risk appetite increases. The Loonie gained against all of the 16 most-traded peers except the Nokkie as Canadian business spending gauge rose more than expected. Against the greenback Canada's Dollar gained 0.3% to 99.70 cents and then reached 99.63 cents, the strongest level since 11 May. 
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Wed, 08 Aug 2012 07:35:12 GMT

Gold drops on strengthening Dollar

Gold declined after a three-day rally as its rise to a week high boosted sales and as the U.S. Dollar's strength weakened demand for the metal as an alternative investment. On Wednesday, spot gold fell 0.2% to $1,609.15 per ounce, after rising to $1,618.40 yesterday, the strongest since August 1. Bullion for December delivery dropped 0.1% to $1,610.70 per ounce.

Wed, 08 Aug 2012 13:55:12 GMT

Greenback turned lower on Eurozone's hopes

On Tuesday, August 7, the greenback remained lower versus the Euro and other major currencies amid hopes that the ECB will soon make decisive actions to stem the debt crisis in the Eurozone. In order to lower Italian and Spanish borrowing costs, the ECB may soon resume bond-buying program.  The shared currency strengthened against the greenback during today's New York trading session, with EUR/USD adding 

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