Loonie appreciates as housing improves

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The Loonie appreciated versus the most of the major peers after new-home construction rose the most in more than 12 months in May. The Canada's currency traded at C$1.0194 per U.S. Dollar as of 5 p.m. Toronto time. The Canada's Dollar is above its 50-day average of C$1.0205 per U.S. Dollar and below the 100-day average of C$1.0174.
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Tue, 11 Jun 2013 07:50:04 GMT

No changes in BoJ policy sets Asian stocks to drop

Asian shares fell today after the BoJ announced no changes in its policy stance, bucking experts' forecasts. The MSCI Asia Index slid 0.7% so far today after rising 1.1% yesterday. The Hang Seng China Enterprises Index shrank 1.5% today, leaning towards a loss for a tenth consecutive day – the longest losing period in 17 years, while Japanese Topix index

Tue, 11 Jun 2013 08:05:13 GMT

Weakening Rupee removes pressure from central bank

The Rupee dropped to the record low due to widening current account deficit, which now stands at 6.7% of GDP. Depreciating currency removes pressure from the central bank to cut rates further next week. Weakening Rupee might increase inflation risk and foreign debt servicing costs as it slid 1.8% yesterday and another 1% today to 58.6675 per U.S. Dollar.

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