Loonie climbs to strongest level in five months

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Source: Bloomberg
© Dukascopy Bank
Canadian currency advanced to highest value against is US peer since September on speculation improving economic outlook will spur demand for commodities. Canadian Dollar added 0.5% to CAD 98.55, posting gains for a fourth consecutive session. Currently USD/CAD is trading at CAD 98.69.
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Fri, 02 Mar 2012 10:05:39 GMT

Retail sales in Germany fell in January

Retail sales in Germany unexpectedly dropped in January as surging crude prices boosted inflation. Inflation adjusted retail sales lost 1.6% compared to December, said Federal Statistics Office on Friday. Economists predicted an improvement of 0.5%. Rising energy costs bolstered German January inflation to 2.5%. Nevertheless the country faces 20-year record low unemployment level and consumer confidence keeps climbing. 

Fri, 02 Mar 2012 08:30:45 GMT

Aussie strengthens to 9-month record high versus Yen

Australian currency extended its gains against Japanese Yen on speculation improving global economic outlook would encourage RBA to leave its benchmark interest rate unchanged. Aussie appreciated 0.2% versus Yen to JPY 87.89 while Kiwi added 0.1% to JPY 68.16. Australian Dollar slipped 0.2% to USD 1.0787 while its New Zealand peer lost 0.3% to USD 0.8368. Currently USD/JPY is trading at JPY

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