Loonie gains on surge in oil prices

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Source: Bloomberg
© Dukascopy Bank
Canadian Dollar strengthened versus greenback on Monday as country's main export good, crude oil appreciated amid improving global economic outlook. The Canada's currency gained 0.5% and traded close to parity at C$1.0086 in Toronto trade. Last week loonie climbed 1%. Currently USD/CAD is trading at C$1.0076. 
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Tue, 24 Jan 2012 07:47:05 GMT

Bank of Japan lowers growth forecasts

The Bank of Japan lowered growth predictions for the 2012, starting from April and kept its benchmark interest rate unchanged. The growth expectations for the year was cut from 2.2% to 2.0%, said central bank's governor Masaaki Shirakawa. The predicted inflation level was unchanged at 0.1%. The revisions depict Japanese official concerns, debt crisis in Europe will harm the demand

Tue, 24 Jan 2012 07:34:52 GMT

Euro fluctuates near three week record high

17-nation currency slipped from almost three-week record high against US Dollar, after European FMs claimed Greece has to make bigger cuts in debt write down agreement. Euro fell 0.2% from $1.3013 in New York yesterday to $1.2989 this morning in Tokyo. However, the losses on common currency were restrained on investor speculation European production output and services contracted slower in

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