Loonie advances on job growth data and ECB bond purchases

Source: Bloomberg
The Canadian Dollar advanced to more than 4-month high against the U.S. counterpart on data that might show North American employment growth is accelerating and following the ECB's bond-buying plan announced yesterday. The Loonie gained 0.8% to 98.27 cents per greenback. It fetched 98.09, the highest since April.  
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Fri, 07 Sep 2012 09:03:33 GMT

Palladium climbed after ECB press conference

Precious metals surged after the ECB press conference on Thursday. The ECB left the benchmark interest rate unchanged at record low level of 0.75% and agreed on unlimited bond-purchases plan. Moreover, safe-haven appeal of the commodity group escalated after the ECB downgraded Euro area growth forecast for 2012 and 2013. Gold advanced, following the Euro rally against the US Dollar and

Fri, 07 Sep 2012 08:41:33 GMT

Asian currencies head for a gain on ECB bond-buying plan

Asian currencies headed for a third-weekly gain as the ECB announced its bond-buying programme to tame the Eurozone's debt crisis, boosting rally in global equities. The Korean Won fetched a 3-week high as Fitch Ratings increased the country's credit rating to AA- yesterday. The Chinese Yuan set for a sixth week advance on speculation the nation's government will increase spending

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