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

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

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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Mon, 10 Sep 2012 19:10:46 GMT

U.S. Dollar gains on weaker Euro

The Greenback rebounded on Monday, lead by the Euro easing after rising to nearly three-month high versus the U.S. Dollar last week after the ECB specified its bond-buying plan. The ICE Dollar Index increased to 80.314, from 80.182 on Friday. The EUR/USD dropped to $1.2780, from $1.2810. The GBP/USD fell to $1.5976, while AUD/USD slipped to $1.0346.

Mon, 10 Sep 2012 19:21:43 GMT

The Euro lower versus the U.S. dollar on Fed expectations

On Monday, the 17-nation currency was lower versus the Greenback, but remained supported as disappointing U.S. data fueled expectations of further Fed stimulus. EUR/USD hit a session's low of 1.2700, and subsequently consolidated at 1.2778, losing 0.29% in European afternoon trading session. The pair's support was likely to be at 1.2625, while resistance could be at 1.2816.

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