Loonie reaches parity against greenback

Source: Bloomberg
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Canadian Dollar climbed against its US peer on Thursday, reaching parity first time in 3 months as commodities advanced on Fed announcement about freezing US borrowing costs. Loonie appreciated 0.3% against US Dollar to C$1.0018 in Toronto, reaching the highest value since November 1. USD/CAD currently is trading at  C$1.0031.
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Fri, 27 Jan 2012 08:04:22 GMT

New Zealand Dollar keeps a 6 week gain on trade surplus

New Zealand's Dollar maintained 6-week gains against most of its peers on Friday, after national statistics showed the country unexpectedly faced a trade surplus for the first time in 5 months. Kiwi traded $0.8217 in Sydney evening trade, adding 1.9% on weekly basis. Aussie slipped 0.1% to $1.0617. Currently NZD/USD is trading at $0.8222 while AUD/USD is trading at $1.0627.

Fri, 27 Jan 2012 07:40:47 GMT

US GDP likely to have expanded rapidly in the 4th quarter

The US economy probably grew in the 4th quarter at the highest velocity in 2011 as national consumption and employment accelerated. Economists questioned by Bloomberg predict the US GDP added 3% in the last three months of 2011, compared to 1.8% increase in the 3rd quarter. The report will be issued today by the Commerce Department. 

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