USD/CAD: Loonie Falters on Grim Signs for the Canadian Economy

The Canadian dollar is presumed to succumb further to the US dollar today on views that the Canadian economy stalled at the end of 2012, putting pressure on the Bank of Canada to extend a period of low interest rates. The economy received a double whammy last Friday after sales and inflation data came in below expectations. Meanwhile, ongoing concerns over the looming sequester are seen to lift the safe haven US dollar.

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USD/CAD: Disappointing Factory Sales Report Continuing to Weigh on the Loonie

The Canadian dollar is deemed to maintain its weakness opposite the US dollar today as Canadian manufacturing sales registered the largest decline since the Great Recession due mainly

EUR/USD: Hopes for Greek Aid Deal Still Keeping Euro Afloat

Despite a dimmer outlook for the overall Euro Zone economy, the Euro is foreseen to sustain its recent gains alongside the US dollar today on continued hopes for

U.S. Dollar Rallies; Boosted by Risk Aversion, Weak U.S. Employment Outlook

The U.S. Dollar Index made a new high for the year, boostedby the sharp sell-offs in the Euro, British Pound and the commodity-linkedcurrencies. Gains were limited slightly by

Euro Drops to 4-year Low ahead of U.S. Jobs Data

After holding steady for a few days, the Euro plungedthrough the recent bottom to post a 4-year low. This morning’s move came as asurprise to many traders who

Euro Lower as Investors Debate U.S. Labor Outlook

Thin trading conditions ahead of the U.S. Non-Farm PayrollsReport on Friday and less than stellar economic news from the Euro Zone helpedto weaken the Euro on Thursday. The

Euro Weakness Suppresses Risk Appetite

Thin trading conditions ahead of the U.S. Non-Farm PayrollsReport on Friday and less than stellar economic news from the Euro Zone ishelping to weaken the Euro at the

USD JPY Breaking Out to Upside

The USD JPY is trading sharply higher, strengthened bygreater demand for risky assets and on speculation that the next prime ministerwill favor a weaker currency. The USD JPY is

U.S. Dollar weakens as Investors put Risk Back on the Table

The U.S. Dollar finished the day down against most majorcurrencies with the exception of the Japanese Yen. Low volume ahead of Friday’sU.S. Employment report may have contributed to

U.S. Dollar Soars as Prime Minister Resignation Shakes up Japanese Yen

The Japanese Yen is the featured currency today. The Yen istrading lower, pressured by the news of the resignation of Japanese PrimeMinister Hatoyama. Traders are dumpingthe currency which