The Canadian dollar has strengthened against the US dollar as the value of Oil strengthens and additional jobs are added to the Canadian economy. In fact, this past week the loonie has rose 1.8%, making it the greatest gain in 8 months. Global News reports that...
The Federal Reserve has raised the interest rate for the first time since 2006 by 0.25%. The Fed’s decision lifts its targeted rate range to 0.25% to 0.50% from the current 0% to 0.25%. The key signal from the policy-makers was that they will “gradually”...
Good news for Canadian Dollar| Currency Exchange | Currency Converter| It seems the benefits of a weaker Canadian dollar are finally filtering through to the country’s manufacturing sector. Manufacturing sales climbed 1.7% in December, according to Statistics Canada’s report today. This caused the foreign exchange rate...
Currency Exchange| Fall of Canadian dollar isn't over yet The Canadian dollar is at its weakest levels, hitting a low of $79.63 cent U.S. this morning. The loonie dropped lower due to continuously falling oil prices, and central bank’s policy of maintaining its low interest rates...
Global economic events for week of Jan. 26 – 31, 2015 to watch for Foreign Exchange Traders Monday January 26, 2015 Bank of Israel (New Shekels) releases a policy statement Tuesday January 27, 2015 National Bank of Hungary (Forint) releases a policy statement Federal Reserve (US Dollar) begins a two-day...
Economic Events this week likely to affect US Dollar Exchange Rates Tuesday January 27, 2015: Data coming out this day likely to affect “US Exchange Rate” Durable Goods Orders S&P Case-Shiller Home Price Index New Home Sales Consumer Confidence Index Wednesday January 28, 2015: The US Federal Reserve will conclude its two day...
Greece Elections & Forecasts for Euro The Euro hit its lowest levels against the U.S. Dollar since 2003 this Sunday trading at $1.1098. This occurred soon after the electoral results in Greece where the anti-bailout party won. We see everything that could have gone bad with...
Predictions | Canadian Dollar to US | US Exchange Rate Today we saw the Loonie fall farther against the US dollar. This decrease was due to markets being worried about the Bank of Canada lowering or hinting towards lowering the present interest rate. In addition, today...
This week the most important issues are related to the Euro. The European Central bank (ECB) is set to release their monetary policies on Thursday. Forex Traders are looking to the ECB to increase their quantitative easing and purchase of government bonds, to support a weak...
World Week Ahead The most important event this week in the global foreign currency markets is the European Central Bank's policy meeting on Thursday. For Canada's week ahead visit here. Monday January 19: CHINA (YUAN): China’s December Industrial output (expected output index +7.5%, up by 0.3% from November). Fourth...