Loonie fell on risk aversion

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Source: Bloomberg
The Canadian Dollar fell from almost 4-month high against the U.S Dollar after a decrease in equities raised risk aversion, making investors sell higher-yielding currencies. The Loonie lost 0.08% to 98.92 cents per unit of its U.S. counterpart. One Canada's Dollar buys $1.0109. The Canadian Dollar had strengthened to the highest since May as oil rose and stocks increased amid speculation Eurozone's debt crisis will not escalate. 
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Wed, 22 Aug 2012 06:59:16 GMT

Euro strengthens

The Euro strengthened to a 6-week high versus the U.S. dollar and Japanese Yen before European policy makers meet this week and amid speculation the region's debt crisis is being contained. The shared currency rose for a second consecutive day against the greenback after Germany said concessions for Greek government were possible and as Spanish bond yields decreased at the

Wed, 22 Aug 2012 13:17:09 GMT

Indian CPI continue to decelerate

Consumer price index in India rose at the slowest pace in four months in July, said the Central Statistical Office on Tuesday.  Nation's CPI increased by 9.86 per cent from a previous year, after jumping 9.93% in June.  In the meanwhile, the Indian Central bank left the benchmark interest rate unchanged in the previous month in order to prevent inflation risks.

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