Canada’s dollar retreated against its U.S. counterpart on Friday for the first time in five days as softer than expected retail sales report in the United States raised concerns about economic recovery. 8 Vote(s) Read More C edges lower as weak oil, US data weigh
Posted in FX News | Tagged as, c, data, edges, lower, oil, us, weak, weigh
FXstreet.com (Barcelona) – In a more or less uneventful day, US stocks are mostly trading lower… For more information, read our latest forex news. Read More Weak financials weigh down US stocks
Posted in FX News | Tagged down, financials, stocks, us, weak, weigh
• Euro Regains Some Lost Ground, though the ECB and Greece will Keep the Currency Under Pressure • Pound Extends its Plunge despite Positive Growth Revisions and Improved Sentiment • Australian Dollar Could Extend its Lead Over its Peers with an RBA Rate Decision and 4Q GDP Read More Dollar Ends the Week Relatively Unchanged [...]
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Oil prices rebounded above $78 a barrel on Friday after sliding more than 2 percent the day before, lifted by a weaker dollar, but worries over the U.S. economy weighed on the market. 7 Vote(s) Read More Oil up above 78 on soft dlr recovery doubts weigh
Posted in FX News | Tagged 78, above, dlr, doubts, oil, on, recovery, soft, up, weigh
BoE Governor Mervyn King hinted at the possibility of more quantitative easing today in testimony to Parliament today which sunk the outlook for U.K. interest rates. The MPC is expected to remain on hold despite inflation well above their 2% target at 2.9% as they see a protracted recovery. Read More British Pound Remains Heavy [...]
Posted in FX News | Tagged and, as, aversion, british, declining, expectations, heavy, pound, remains, risk, weigh, yield
