Loonie advances most since May on Draghi

Note: This section contains information in English only.
Source: Bloomberg
The Canada's Dollar reached the highest level since May against the U.S. counterpart as Mario Draghi pledged to sustain the Euro. The Loonie rose 0.9% to C$1.0102 , touching the highest since May 16. The S&P 500 Index increased 1.7%, September delivery crude gained 1.7% to $90.47 per barrel. Changes in commodities and stocks influence Canada's currency the most.
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Fri, 27 Jul 2012 14:18:41 GMT

S&P 500 rallied after ECB comments

S&P 500 rallied on Thursday after the ECB President pledged to save the Euro by any means. The announcement raised demand for riskier assets as investors hope the ECB will resume its bond purchasing program. Yields on Spain's and Italy's bonds dropped sharply after Mario Draghi comments. S&P 500 posted the first gain of 1.65% after five days of losses.

Fri, 27 Jul 2012 11:39:40 GMT

Pound shows two-year high against the Dollar

On Friday, the U.K. currency rose versus most of its major counterparts on the optimistic promise of the ECB President, increasing demand for riskier assets. The Sterling gained 1.2% to $1.5690, after having a 1.5% rise, the highest since Dec. 31, 2010. The Pound advanced 0.1% to 78.38 per Euro.

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