Monday saw the Canadian dollar advance against most of its counterpart monetary units, prompted higher by the U.S. Commerce Department releasing stronger-than-projected economic data about retail sales last month, Bloomberg reports. After dropping 0.5 percent in March, retail sales gained 0.1 percent in April, the economic data notes. Economic data released by the U.S. impacts… Read more.
Monday saw the Japanese yen slide for the third consecutive trading session against the world's reserve currency in the aftermath of strong economic data released by the U.S. Labor Department regarding its job creation last month, Bloomberg reports. Demand for the yen was slipping as the monetary unit of the Pacific Rim nation also dropped… Read more.
Speculation about the central bank being set to cut interest rates pulled down the shared currency of the European Union on Tuesday as the 17-nation monetary unit fell from its one-week high against the U.S. dollar, Bloomberg reports. The euro-region also saw the unemployment rate push to record highs last month, which also impacted the… Read more.
Underwhelming economic data released by China regarding its gross domestic product during the first quarter of this year prompted the Canadian dollar to lose value on Monday against the world's reserve currency, Bloomberg reports. The loonie slumped against most of its top rival monetary units as Canada also wrestled with the prospect that its growth… Read more.
Crude oil futures endured losses of around 3 percent on Friday, tugged down by slackening retail sales in the energy commodity's top consumer and the euro zone nation's debt troubles rearing again, Bloomberg reports. Cyprus, which was approved for emergency bailout aid last month, is likely to need additional aid. The U.S. Department of Commerce… Read more.
The June Gold is going through a short-term bearish cycle which is unusual with the monetary policies in place by the US, Bank of Japan and the European Central Bank. The Gold is stuck in a range still as it needs to penetrate $1620.00 to gain any traction. Traders and investors alike may be allocating… Read more.
Tumult in the euro zone helped push gold futures above the psychological threshold of $1,600 per troy ounce on Wednesday, according to Reuters. The beleaguered region, on top of freshly awarding Cyprus emergency bailout aid as the latest victim of the sovereign debt scourge, is seeing economic data point to March being the first month… Read more.
The Canadian dollar on Friday edged higher against the shared currency of the European Union as Cyprus' political leaders prepared to meet to strategize on how to release emergency bailout aid in the face of a looming deadline, Bloomberg reports. Retail sales climbed in Canada in January, which also benefited the loonie as the increase… Read more.
Indications of a strengthening economy in Canada pushed up the nation's monetary unit on Thursday against the U.S. dollar as the currency achieved a second consecutive day of gains against its southerly rival. The Canadian dollar benefited from January demonstrating stronger retail sales than the month prior as the loonie pushed ahead against the majority… Read more.
Wednesday saw the world's reserve currency advance against its top rivals after the release of economic data showing retail sales in the U.S. last month were stronger than forecast, Bloomberg reports. Retail sales advanced 1.1 percent in February from the month prior, which pushed past the gains of 0.2 percent from December 2012 to January.… Read more.