Loonie strengthens against Euro after Italian debt auction

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy Bank
Canadian Dollar appreciated against European common currency reaching 11-month record-high on investor speculation ECB will have to enlarge cash infusions after Italy did not manage to auction the planned amount of bonds. Canadian Dollar added 0.3% against the Euro, reaching C$1.3221 in Toronto session. Currently USD/CAD is trading at C$1.0209.

 

Back to articles

Actual Topics

Fri, 30 Dec 2011 12:31:07 GMT

Hungary plans to pass controversial law

Hungary plans to accept changes to constitution that limits  the independence of the Hungary's central bank. The changes are expected to be approved during the last session of the parliament in 2011. The country has applied for aid package of 20bn Euros from the IMF and the EU. Currently, the organizations ceased the negotiations as the new law undermines the independence of the country's

Fri, 30 Dec 2011 12:28:36 GMT

Japan postpones an increase in sales tax

Japan's leading party, the DPJ, agreed to put on hold an increase of the sales tax as the opposition expressed strong protest to the move. The party agreed to postpone 8% tax increase due April 2013 until April 2014. The measure pursues the improvement of country's finances amid increasing debt level. Japan has the highest portion of debt to the GDP among the developed countries.

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.