Posts Tagged ‘usa’
Parity with the U.S. dollar will be short
Those expecting the imminent Canadian dollar parity with the U.S. dollar should consider another phenomenon: the rise of the U.S. dollar on world markets.
Ashraf Laidi, chief market strategist at brokerage CMC Markets in London, doubts, moreover, that the dollar will reach parity with the greenback. And if there is parity, by the end of June, it was of short duration and will be followed by a decline in the Canadian currency. Thereafter, the dollar could fall as low as $ 0.90 U.S., says he. (more...)
Tags: Canada, central bank, dollar, economy., usa
The illusion of recovery
Tags: automobile industry, construction domiciliare, economic growth, economy., finance, Finance Minister, financial news, Main street, tax credits, the consensus of economists, the economic news, usa
Markets and reactions in forex
The markets are reflecting on the planned actions of the U.S. Federal Reserve, resulting in a dollar eased in Asian forex markets today.
As reported at 2:49 pm (JST) in Tokyo, the dollar index remained relatively flat, trading at 76.407. DXY, down from 6-week high reached last week.
Analysts expect the Federal Reserve will continue to embrace a pacifist tone, and make little mention of recent strong economic data.
The two-day meeting begins today’s politics, and although most market players do not believe that a change in interest rates is close, they are interested in reading the spin that the central bank puts on the latest news is optimistic. Read the rest of this entry »
Tags: Asian forex markets, economic data., Nokia, shops, U.S. Federal Reserve, usa
