Loonie with cloudy outlook

Note: This section contains information in English only.
Source: WBP Online
The Canadian Dollar started this week with a gap-down against the Greenback, after Fed Chair Janet Yellen's positive words concerning U.S economic recovery provided grounds for Dollar bulls. The Loonie has hard-data week schedule ahead with second quarter GDP data report this week. Experts forecast an annual increase in Canada's GDP by 2.6%, as well as economics expansion by 0.2% on monthly basis. The Loonie contracted by 0.13% to C$1.0951.
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Tue, 26 Aug 2014 09:03:03 GMT

Shared currency down to 11-month low

The Euro zone's currency is down to the 11-month low after the Janet Yellen and Mario Draghi speech at the Jackson Hole Symposium last Friday. As Janet Yellen provided some ground for speculation regarding possible future U.S interest rate hike and Mario Draghi expressed concerns over slow inflation, the Euro-bulls left the shared currency at a $1.32 level. Experts are

Mon, 25 Aug 2014 11:37:04 GMT

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