Loonie drops on worries officials won't be able to end crisis

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Source: Bloomberg
© Dukascopy Bank SA
Canadian currency depreciated versus its US peer on Monday on growing anxiety EU officials will not manage to arrive at joint action to tackle region's debt crisis. Loonie fell 0.5% against the Dollar to CAD 1.0292 on Toronto trade. Government bonds declined. Currently USD/CAD is trading at 1.0287.
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Tue, 26 Jun 2012 07:22:16 GMT

US new home sales reach 2-year high

Sales of new homes in US surged in May attaining a 2-year record high to annual 369,000, Commerce Department said on Monday. Economists questioned by Marketwatch predicted a slower improvement to 348,000. The median home price declined by 0.6% to USD 234,500 in previous month. Despite sharp increase US new home sales are still well below the normal level. 

Tue, 26 Jun 2012 07:00:16 GMT

Euro moves closer 2-week low on growing uncertainty

The 17-nation currency traded 0.3% from a 2-week record low versus Dollar after Merkel expressed resistance to Euroarea debt sharing and Moody's downgraded 28 Spain's lenders. Euro traded at USD 1.2506 during Asian trade. Currently EUR/USD is trading at 1.2499.

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