Canadian Dollar advances amid Flaherty budget deficit plans

Source: Bloomberg
The loonie climbed the most in a one week versus its U.S. counterpart after Minister of Finance Jim Flaherty indicated that he planned to cut down the state's budget deficit and swing into surplus before the election in 2015. The Canadian Dollar gained 0.1% to C$1.0252 per greenback, while it lost ground versus the currencies of fellow commodity-exporting countries, dropping 1.3% against the N.Z. Dollar to 85.25 Canadian cents and 0.5% versus the Aussie to 93.44 Canadian cents.

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Fri, 22 Mar 2013 10:09:13 GMT

Euro trades close to the lowest level in almost four months after ECB declares deadline to Cyprus

The Euro traded 0.4% from the four-month low as the European Central Bank gave Cyprus one week to decide on bailout package or fail to get emergency funding. The 17-nation currency remained steady at $1.2900, while it dropped 0.2% to 122.16 Yen. For the week, the Euro is poised for a 1.4% fall against the U.S. Dollar and a 2%

Fri, 22 Mar 2013 08:29:13 GMT

Sugar declines despite signs of strong demand

Rural commodities were mixed on Thursday after disappointing USDA weekly export report. Supporting the commodity group, US Dollar extended losses against its major counterparts, while cold weather in the US continued to prevent farmers from grain planning. Wheat declined after the USDA data indicated US export sales reached 484,500 tonnes last week, down 25% from the average level of the four

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