Loonie depreciates on bets Fed won't stop tapering

Source: Bloomberg
© Scanpix/FP
The Canada's Dollar declined versus the majority of its main trading peers on speculation that below-expectations U.S. jobs data will not change the Federal Reserve plans to scale back monetary stimulus. The currency fell 0.3% to C$1.0373 per greenback as of 10:54 a.m. Toronto time. Unemployment rate of the U.S. Dropped from 7.6% to 7.4% in July.
Back to articles

Actual Topics

Fri, 02 Aug 2013 17:16:12 GMT

U.S. stocks continue falling

U.S. stocks continued to drop from the record-highs reached on Thursday as disappointing U.S. manufacturing and non-farm payrolls data boosted bearish mood among investors. The Standard & Poor's 500 gauge lost 0.19% to 1,703.63 at 11:29 a.m. GMT, while Nasdaq Composite declined 0.08% to 3,672.90. The Dow Average was down 0.25% to 15,589.00

Fri, 02 Aug 2013 16:54:09 GMT

Forint gains after eight-day fall on disappointing U.S. data

Hungarian Forint advanced after weaker-than-expected U.S. payroll data boosted speculation the Federal Reserve may not hurry with reduction of bond purchases. The Hungary's currency added 0.6% to 298.97 per Euro at 4:10 p.m. in Budapest, the first increase in nine consecutive days. Forint lost 1.4% in July due to government's plan to phase out mortgages in foreign currencies.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.