Loonie reaches 7-week low versus Yen

Source: Bloomberg
© Dukascopy Bank
Canadian currency depreciated against the Japanese Yen on concern European debt turmoil may be regaining momentum, making less attractive the currencies of nations which produce and export raw materials. Loonie tumbled 1% versus Japanese currency to JPY 80.18 yesterday. Canadian Dollar traded almost flat against its US peer and traded at CAD 0.9994. Currently CAD/JPY is trading at JPY 80.40.   
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Tue, 17 Apr 2012 06:40:50 GMT

European shares close higher on US retail sales data

European stock markets managed to end up in green area on Monday as data showed US retail sales climbed more than expected in March. Nevertheless gains were limited as Spanish stocks stayed under pressure. Stoxx Europe 600 index gained 0.3%, Spanish IBEX fell 0.6% and French CAC 40 index added 0.5%. FTSE 100 index soared 0.3% and German DAX advanced

Tue, 17 Apr 2012 05:51:05 GMT

Aussie and Kiwi keep dropping ahead of Spain debt sale

The New Zealand and Australian dollars declined for the third day on worries European debt woe is harming investor demand for higher yielding assets. Aussie prolonged losses after RBA indicated it may lower interest rates in case inflation slows. Australia's currency lost 0.2% versus greenback to USD 1.0332 while Kiwi fell 0.5% to USD 0.8165. Currently AUD/USD is trading at

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