Euro losing strength

Monday, 23 May 2011 05:05

The Euro stripped down to a new two-month low, below the 1.40 zone, hitting 1.3968 earlier today versus the Dollar. Later on through the day, the Euro was trading steadily against the U.S Dollar along the lines of 1.40-41, currently lining in 1.4000.

Bank of Canada announces CPI

Friday, 20 May 2011 02:25

Canadian Consumer Prices rose to 0.2% on a month on month basis for April; from the predicted 0.1%, yet CPI fell from previous result of 0.7%. So, Canadian Core CPI fell by 0.5% from March.

Euro is off its 1.4050 low; Greece faces more debt crisis

Friday, 20 May 2011 10:52

The European currency for 17 nations seems to be recovering as it’s keeping well over the 1.4050 (7-week) low. The currency stepped to walk on a high of 1.4336 in yesterday’s session, now resisting at the level of 1.4420. This all, rivaling the U.S Dollar.

EUR/USD is currently trading at 1.4313.

BoJ Call Rate voted to remain the same at <0.10%

Friday, 20 May 2011 10:00

A couple of hours ago, the Bank of Japan executed its monetary policy statement voting that BoJ interest rates will remain at the same position as expected at 0 to 0.1%. Japan has been going through tough times ever since the big nuclear and tsunami disaster, one of the worst in the history; this happening weakened Japan’s economy. Housing market has gone down, export and import facilities have weakened drastically and the currency was seen struggling against its major rivals constantly while the tragedy occured.

U.K meeting minutes vote of keeping interest rates on hold

Wednesday, 18 May 2011 12:36

News just in by the Bank of England, Minutes of the Monaterly Policy Committee meeting voted 6-0-3 to keep interest rates steady on hold for the ongoing month.