Canadian Dollar climbs as US data signals recovery

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy Bank

Canadian currency appreciated reaching 2-week record high as US economic data indicated that Canada's most significant trading partner is making progress. Consumer confidence and jobless claims showed better than expected figures. Loonie gained 0.6% to C$1.0203 per US Dollar Toronto evening trade. Currently USD/CAD is trading at 1.0200.

Back to articles

Actual Topics

Fri, 23 Dec 2011 12:26:00 GMT

China's business confidence decreases in Q4

Business confidence in China decreased in Q4 on the growing fears over the slowdown of the second-largest world economy. The business confidence index lost 6% to 41.7% in Q3, reported the People's Bank of China. Reading below 50% indicates the pessimism on the market.

Fri, 23 Dec 2011 11:03:20 GMT

Congress finds consensus on payroll tax reduction

After struggling for several months Congress is ready to approve payroll tax reduction. Lawmakers agreed to extend payroll tax of 4.2% for two months. Obama praised the decision, emphasizing tax cut extension is crucial for US economy. Obama predicts every employed American to save around $1000 a year due to tax cut.

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.