Canada's Dollar touches four-day high

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The Canadian currency reached the highest level in four days after gross domestic product data showed growth in July, fueling the speculation that nation's economy is bouncing off from a slowdown in the second quarter. Canada's Dollar strengthened 0.3% to C$1.0275 per U.S. Dollar before reversing advances at the end of the day reaching C$1.0309 at 5 p.m. Toronto time.
Back to articles

Actual Topics

Tue, 01 Oct 2013 07:14:02 GMT

Asian shares advance after Abe's testimony

Asian shares gained, bolstered by Japanese stocks, after Japan's Prime Minister Shinzo Abe stated the government will increase its sales tax; however, gains were limited as the U.S. government has its first partial shutdown in almost 20 years. The MSCI Asia Pacific Index added 0.3% to 138.96 at 2:37 p.m. Tokyo time and the gauge has climbed 6.4% in September.

Tue, 01 Oct 2013 06:09:04 GMT

First U.S. government shutdown in 17 years

At midnight the U.S. government went for partial shutdown as Republicans and Democrats did not manage to reach consensus on Obamacare, yet major negotiations on debt limit increase still to come. The shutdown will hurt consumers' and businesses' confidence and is expected to decrease GDP by 300 million Dollars a day, which will weaken pace of country's economic recovery.

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.