Loonie strengthens against US Dollar on China GDP

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy Bank
Canada's Dollar reached two-week record high against its US peer as higher-than-expected GDP expansion in China improved demand for riskier assets. Canadian currency climbed 0.3% against US Dollar to C$1.0151 on Toronto evening trade. Currently USD/CAD is trading at  C$1.0152. 
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Wed, 18 Jan 2012 08:05:04 GMT

Oil rallies during Asian trade

Crude oil futures continued yesterday's rally in electronic session ahead of the US inventory report release due later today. Crude oil for delivery in February traded at $101.26 a barrel during Asian session, on the New York Mercantile Exchange, advancing 0.6% or 55 cents.

Wed, 18 Jan 2012 09:11:59 GMT

US Dollar weakens on improving economic outlook

US Dollar depreciated against its major counterparts on Tuesday before US data on industrial production output and home-builder confidence. Economists questioned by Bloomberg expect US industrial output surged 0.5% in December, while home-builder sentiment increased to 22 in January. Dollar fell 0.3% against Euro to $1.2777 in Tokyo yesterday. Currently EUR/USD is trading at $1.2756.

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