Speculation about the U.S. dollar growing stronger in the near-term emboldened the Canadian dollar on Wednesday as the loonie marked a third-straight trading session of gains against its southerly rival, Bloomberg reports.
Commentary by Chairman Ben Bernanke of the U.S. Federal Reserve earlier this week noting the body is aiming to cease monetary stimulus measures by the end of the year spurred the U.S. dollar toward its biggest weekly gain against the monetary unit of Japan in more than two years on Friday, Bloomberg reports.
Soft commodities were slumping on Thursday in the aftermath of the chairman of the U.S. Federal Reserve noting the body is aiming to cease economy-spurring stimulus measures by the end of the year, according to Bloomberg.
The U.S. central bank chief noting on Wednesday afternoon that stimulus measures might close by the end of this year tugged down the South Korean won on Thursday as the monetary unit plunged near its 11-month trough against the U.S. dollar, Bloomberg reports.
West Texas Intermediate crude oil futures on Wednesday were diving after the U.S. Energy Department noted that inventories of the energy commodity strengthened last week, Bloomberg reports.
The spoken words of the leaders of the central banks of Canada and the U.S. on Wednesday are likely to impact the value of the Canadian dollar, according to published reports.
The Japanese yen on Wednesday ceased two consecutive trading sessions of losses against the U.S. dollar as chairman Ben Bernanke with the U.S. Federal Reserve prepares to address reporters following two days of policy meetings, Bloomberg reports.
The gold market should be in demand as a hard currency, but it simply has been pressured by the allocations from investors spreading into the Stock Indexes and many other products. The strength of the US Dollar puts pressure on the gold market while the tapering of the quantitative easing should increase the strength of… Read more.
The monetary unit of Canada on Tuesday lost value against the world’s reserve currency on Tuesday as policy makers with the U.S. Federal Reserve convened for two days of meetings that are poised to include discussion about the future of the monetary stimulus programs to spur the world’s largest economy, Bloomberg reports.
Anticipation about two days of policy meetings of the central bank of the globe’s largest economy pushed up copper futures on Monday, according to Bloomberg.