U.S. trade deficit probably expanded in July

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Source: Bloomberg
The U.S. trade deficit probably expanded in July after narrowing to almost 2-year low as a global slowdown curbed demand for US-made goods. The gap increased from $42.9 billion in June to $44 billion in July. Weakening economies in emerging markets like China and debt-stricken Europe may start curtailing demand for American goods, a source of the expansion in the Q2.
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Tue, 11 Sep 2012 06:26:46 GMT

Asian markets slip on European debt issues

Asian stock markets edge lower on Tuesday trading session as the MSCI Asia Pacific index declined by 0.6% and reached 118.5 points. This is the first contraction of regional index in four days rally. Investors take profits as news from Europe raise concerns on Greece's debt situation. Also, markets wait the FED's announcement on further economic stimulus on September 13.

Mon, 10 Sep 2012 19:32:43 GMT

The Canadian Dollar grew to the strongest since September 2, 2011

On Monday, the Canadian dollar rallied to a 1-year high versus the U.S. Dollar, amid expectations that Fed will launch another round of quantitative easing, while the Bank of Canada announced recently that its monetary policy could be tightened soon. USD/CAD hit 0.9790, a 1-year high, and later consolidated at 0.9782.

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