Monday, March 31, 2014

The disappointing result added to concerns shockwave flash has crashed regarding shockwave flash has

Pound to Canadian shockwave flash has crashed Dollar (GBP/CAD) Exchange Rate Reverses Gain as Canadian Housing Starts Climb | Future Currency Forecast shockwave flash has crashed
The news that the Canadian economy shed 7,000 jobs in February rather than adding the 15,000 shockwave flash has crashed positions expected saw the nation s Dollar shed earlier gains and close the session lower against rivals like the Pound and US Dollar.
While the result was more upbeat than expected, economist Connor MacDonald still noted; Despite February s modest increase of construction shockwave flash has crashed activity, an air of economic fatigue shockwave flash has crashed still weighs heavy on domestically-oriented sectors.
The Canadian Dollar put in a more patchy performance against several of its other most traded rivals as Chinese trade data sparked a bout of risk aversion and triggered a decline in commodities like crude oil.
The disappointing result added to concerns shockwave flash has crashed regarding shockwave flash has crashed a slowdown in the world s second largest economy and caused commodity-driven currencies, like the Canadian, Australian and New Zealand shockwave flash has crashed Dollars, to slip.
However, GBP/CAD movement is more likely to be driven shockwave flash has crashed by UK news. If this week s British growth, trade and manufacturing/industrial production shockwave flash has crashed reports come in at or above estimated levels the Pound could enjoy a more bullish relationship with its Canadian peer.
Of course US news, like Thursday s retail sales figures, will also be of interest. As will Ukraine developments. Signs that tensions are escalating in Eastern shockwave flash has crashed Europe could push investors away from higher-risk assets like the Pound and Canadian Dollar and towards safe-haven peers like the US Dollar and Yen. Canadian Dollar (CAD) Exchange Rates Currency Currency Rate Canadian Dollar Pound Sterling 0.5410 Canadian Dollar US Dollar 0.9008 Canadian Dollar shockwave flash has crashed Euro 0.6489 Canadian Dollar Australian Dollar 0.9976 Canadian Dollar New Zealand Dollar 1.0657 US Dollar Canadian Dollar 1.0980 Pound Sterling Canadian Dollar 1.8467 Euro Canadian shockwave flash has crashed Dollar 1.5410 Australian Dollar Canadian shockwave flash has crashed Dollar 1.0021 New Zealand shockwave flash has crashed Dollar Canadian Dollar 0.9390
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Daily News from Senior FX Analyst Samuel Allen 4 years ago | 0
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