Forex news by InstaForex - InstaForex | Forex Forum | Forex world | InstaForex Forum
Instant Forex Trading

Welcome Guest ( Log In | )

Forex news by InstaForex, Market reviews and analysis
 Topic Options
 
IFX Tatyana
post Jun 9, 2009, 11:12 AM
Post #1
InstaForex Representative
***
Group: Representative
Posts: 101
Joined: June 9, 2009
From: Kaliningrad, Russia
Member No.: 8

post Jun 9, 2009, 11:12 AM
Post #1
Canadian Dollar Strengthens To New Multi-Day Highs Against Majors
Tuesday during early deals, the Canadian dollar strengthened to new multi-day highs against its European, US, Australian and Japanese counterparts as crude oil prices rose toward $69 a barrel, snapping two-days of fall.

U.S. light crude for July delivery rose 93 cents to $69.02 a barrel by 4:55 am ET, just off a session high of $69.37. London Brent crude gained 94 cents to $68.82.

The Canadian dollar edged up to a 6-day high against the Aussie, an 8-day high against the euro and a 4-day high against the yen and the dollar. The Canadian currency appreciated 9% against the greenback, 2.4% against the euro and 5% against the yen in May, as stocks advanced and commodities rallied, led by energy, as the slumping greenback boosted demand for raw materials as a hedge against inflation. Raw materials account for more than half of Canada's export revenue.

During early deals on Monday, the Canadian dollar jumped to 1.1083 against the U.S. currency. This set a 4-day high for the loonie. On the upside, 1.079 is seen as the next target level for the Canadian dollar. The greenback-loonie pair was worth 1.1161 at Monday's close.

Canada's currency, called the loonie, depreciated 3% against the U.S. dollar in the first quarter of 2009, which ended on March 31, compared to a 13% loss in the fourth quarter of 2008 ending December 31.

But the Canadian dollar is showing strength since the beginning of second quarter this year as the crude oil prices rebounded and investors stepped out of havens into higher-yielding assets such as stocks amid signs the global economic slump is moderating. Thus far, the loonie has appreciated 17% against the greenback.

The Canadian dollar, which closed Monday's trading at 88.31 against the yen rose to a 4-day high of 88.65 during early deals on Tuesday. The next upside target for the loonie-yen pair is seen at the 91.0 level.

After hitting a new multi-year low of 68.44 against the yen on January 21, the Canadian dollar rebounded and extended its uptrend in the subsequent months. Since then, the loonie-yen pair advanced 23% to hit a new multi-month high of 89.20 on June 03.

The Canadian dollar rose to a 6-day high of 1.5412 against the euro in early deals on Tuesday. This may be compared to Monday's close of 0.8811. If the Canadian dollar climbs further, it may likely target the 0.872 level.

The Federal Statistical Office said Germany's trade surplus declined to EUR 9.4 billion in April from EUR 11.3 billion in the previous month. The surplus stood above the expected level of EUR 9.3 billion. Upon calendar and seasonal adjustment, the foreign trade surplus totaled EUR 9 billion.

According to provisional results of the Deutsche Bundesbank, the current account balance showed a surplus of EUR 5.8 billion in April, much smaller than the EUR 15.4 billion in April 2008.

The Canadian dollar that was worth 0.8811 against the Aussie at yesterday's New York session close, rose to a 5-day high of 0.8787 by about 5:20 am ET Tuesday. If the loonie climbs further, 0.872 is seen as the next upside target level.

News are provided by InstaForex.



Regards, news editor Tatyana Tokarchuk


__________________________________________
Official Website | Forex News | Forex Analysis
Go to the top of the page
 
+Quote Post
 

Posts in this topic
- Svetlana Milyushko   Forex news by InstaForex   Jun 9, 2009, 11:12 AM
- - Darika Isakova   Pound climbs to 5-day high against yen and franc E...   Jun 9, 2009, 03:46 PM
- - Svetlana Milyushko   Japanese yen bounces back against European majors ...   Jun 11, 2009, 01:13 PM
|- - Darika Isakova   Dollar Choppy Versus Other Majors Wednesday The do...   Jun 11, 2009, 03:26 PM
- - dice735   Thanks for the interest reviews. Keep on Insta...   Jun 12, 2009, 11:15 AM
|- - Darika Isakova   Trust In Business Recovering In World Markets: Sur...   Jul 31, 2009, 02:30 PM
|- - Darika Isakova   German Retail Sales Fall Unexpectedly In June Ge...   Aug 3, 2009, 04:43 PM
- - Svetlana Milyushko   US Dollar Edges Up Against Majors. Friday, the dol...   Jun 12, 2009, 03:51 PM
- - desire   Thanks for these useful infos. May God Bless Inst...   Jun 12, 2009, 03:59 PM
|- - Darika Isakova   We are glad to provide our clients the most actual...   Jun 12, 2009, 04:15 PM
- - Svetlana Milyushko   Switzerland Cuts Economic Outlook, Govt. Announces...   Jun 18, 2009, 11:37 AM
- - Darika Isakova   Dollar Fades Versus Majors After Obama Unveils Fin...   Jun 18, 2009, 02:57 PM
|- - Darika Isakova   IMF May Raise Global Growth Forecast For 2010, Off...   Jun 19, 2009, 03:53 PM
- - Svetlana Milyushko   Euro Slides To Multi-day Lows Against Most Majors ...   Jun 22, 2009, 03:47 PM
|- - Darika Isakova   World Bank Lowers Global GDP Forecast; Sees Huge F...   Jun 22, 2009, 05:06 PM
- - dorin   why news not update so long?   Jun 26, 2009, 03:20 PM
|- - Svetlana Milyushko   QUOTE (dorin @ Jun 26 2009, 05:20 PM) why...   Jun 26, 2009, 03:26 PM
- - Svetlana Milyushko   Euro Shows Mixed Trading Against Majors Friday, th...   Jun 26, 2009, 03:28 PM
- - dorin   oh, updated! that is good.   Jun 26, 2009, 03:38 PM
|- - Darika Isakova   US Dollar Ticks Up Following May Personal Income R...   Jun 26, 2009, 04:13 PM
- - Svetlana Milyushko   U.K. House Prices Rise For Second Straight Month. ...   Jun 30, 2009, 09:33 AM
- - Darika Isakova   Dollar And Yen Plunge On Improving Risk Appetite ...   Jun 30, 2009, 01:05 PM
|- - Darika Isakova   British Pound Slumps Against Majors During early...   Jul 17, 2009, 11:16 AM
- - Svetlana Milyushko   German May Retail Sales Decline Further Wednesday,...   Jul 1, 2009, 11:33 AM
|- - yoshi   QUOTE (Svetlana Milyushko @ Jul 1 2009, 12...   Jul 2, 2009, 01:19 PM
|- - Svetlana Milyushko   QUOTE (yoshi @ Jul 2 2009, 03:19 PM) Very...   Jul 3, 2009, 11:49 AM
- - Darika Isakova   Greenback Declines Against Majors The US dollar t...   Jul 1, 2009, 02:25 PM
- - Svetlana Milyushko   Eurozone Retail Sales Fall Further In May. Retail ...   Jul 3, 2009, 11:50 AM
- - Darika Isakova   Greenback Falls Versus Euro, Sterling Thursday Mor...   Jul 9, 2009, 03:32 PM
- - Svetlana Milyushko   Spain Consumer Prices Drop Further In June. Consum...   Jul 10, 2009, 11:44 AM
- - Darika Isakova   Dollar Strengthens Against European Majors Frida...   Jul 10, 2009, 01:59 PM
- - Svetlana Milyushko   Singapore Dollar Mixed In Trading Against Majors. ...   Jul 13, 2009, 10:13 AM
- - Svetlana Milyushko   New Car Registrations In Europe Rise For First Tim...   Jul 15, 2009, 10:30 AM
- - Svetlana Milyushko   French CPI Logs Y-o-Y Fall For Second Month. Thurs...   Jul 16, 2009, 11:57 AM
- - Svetlana Milyushko   US Dollar Falls Against European Majors; Hits 3-da...   Jul 23, 2009, 11:31 AM
- - Darika Isakova   East Asian Economies In Transition Phase From Rece...   Jul 23, 2009, 01:00 PM
- - Darika Isakova   Dollar Nearing December 2008 Lows Versus Euro Th...   Jul 27, 2009, 03:11 PM
- - Svetlana Milyushko   US Dollar Steady Ahead Of May S&P/Case-Shiller...   Jul 28, 2009, 03:14 PM
|- - Darika Isakova   IMF Advises Indonesia To Continue Stimulus Measure...   Jul 29, 2009, 04:09 PM
- - Svetlana Milyushko   Eurozone Economic Sentiment Rises For Fourth Strai...   Jul 30, 2009, 02:32 PM
- - Svetlana Milyushko   Dollar Shows Mixed Trading Against Majors. Tuesday...   Aug 4, 2009, 12:16 PM
- - Svetlana Milyushko   Indonesian Central Bank Lowers Key Rate By 25 Bps....   Aug 5, 2009, 10:25 AM
- - Darika Isakova   Fitch Maintains Stable Outlook For Malaysian Banks...   Aug 6, 2009, 01:25 PM
- - Svetlana Milyushko   Swiss Jobless Rate Rises In July. Switzerland...   Aug 7, 2009, 01:34 PM
- - Darika Isakova   Pace Of Deterioration In U.K. Job Market Slowing: ...   Aug 10, 2009, 03:56 PM
- - Darika Isakova   Yen Extends Uptrend As Asian Stocks Drop Wednesd...   Aug 12, 2009, 01:24 PM
- - Darika Isakova   Dollar Declines Against European Majors The US d...   Aug 25, 2009, 02:59 PM
- - Svetlana Milyushko   Dollar Rises To New 6-week High Against Pound, 5-d...   Aug 26, 2009, 03:17 PM
- - Darika Isakova   UK House Prices Rise For Fourth Month In August - ...   Aug 27, 2009, 03:18 PM
- - Svetlana Milyushko   European Currency Falls From 4-day High Against Do...   Sep 1, 2009, 04:12 PM
- - Darika Isakova   Doing Business In China Getting Harder, European B...   Sep 2, 2009, 04:06 PM
- - Svetlana Milyushko   Swedish Krona Soars To 10-day High Against Dollar....   Sep 3, 2009, 03:46 PM
- - dorin   you moved? i hardly found you ifx tatyana, you...   Sep 3, 2009, 05:30 PM
- - Darika Isakova   Crude Oil Slips Slightly, Remains Near $68 ...   Sep 4, 2009, 04:25 PM
- - Nick'Otin   Hello.To my mind it's the best moment to sell...   Sep 7, 2009, 04:22 PM
- - Darika Isakova   US Dollar And Japanese Yen Falls As Stocks Rise ...   Sep 7, 2009, 05:00 PM
- - Darika Isakova   Trichet: Global Economy Probably Out Of Freefall ...   Sep 8, 2009, 03:24 PM
- - Darika Isakova   European Economics Preview: BoE Expected To Retain...   Sep 10, 2009, 04:52 PM
- - Svetlana Milyushko   British Pound Climbs To 1-month High Against US Do...   Sep 11, 2009, 12:40 PM
- - Darika Isakova   Greenback Pares Recent Losses Monday Morning The...   Sep 14, 2009, 04:06 PM
- - Darika Isakova   US Dollar Stable Ahead Of August Housing Starts, W...   Sep 17, 2009, 06:26 PM
- - Darika Isakova   US Dollar Soars To New Multi-day Highs Against Maj...   Sep 21, 2009, 04:25 PM
- - Svetlana Milyushko   SECO Upgrades Swiss GDP Outlook; Sees Sluggish Rec...   Sep 22, 2009, 03:28 PM
- - Nick'Otin   British Pound Climbs To New Multi-day Highs Agains...   Sep 23, 2009, 05:11 PM
- - Nick'Otin   US Dollar Higher Against Most Majors Wednesday mor...   Sep 23, 2009, 05:14 PM
- - Darika Isakova   Singapore Consumer Prices Fall Further In August ...   Sep 23, 2009, 05:48 PM
- - Nick'Otin   Weekly Jobless Claims Show Unexpected Decrease Thu...   Sep 24, 2009, 05:15 PM
- - Nick'Otin   Brazil IPCA Inflation Eases In September - IBGE Th...   Sep 24, 2009, 05:23 PM
- - Svetlana Milyushko   Pound Climbs To Multi-day Highs Against Majors. Ex...   Sep 29, 2009, 04:02 PM
- - Darika Isakova   Malaysia Trying To Broaden Tax Base: PM Tuesday,...   Sep 29, 2009, 05:40 PM
- - Darika Isakova   Euro Mixed In Trading Against Majors Amid French P...   Sep 30, 2009, 06:51 PM
- - Svetlana Milyushko   Unemployment Hits 26-Year High As Job Losses Soar ...   Oct 2, 2009, 03:51 PM
- - Svetlana Milyushko   German Construction Sector Drops In September. Ger...   Oct 6, 2009, 03:34 PM
- - Svetlana Milyushko   UK Sept. Output Prices Rise Unexpectedly. Friday, ...   Oct 9, 2009, 11:56 AM
- - Svetlana Milyushko   Euro Eases From 14-month High Against Dollar. In E...   Oct 15, 2009, 02:33 PM
- - Darika Isakova   Dollar Edges Lower Versus Euro, Sterling The dol...   Oct 20, 2009, 03:12 PM
- - Svetlana Milyushko   Japan's Vehicle Production Drops Further In Se...   Oct 29, 2009, 10:24 AM
- - Darika Isakova   IMF Upgrades Asia's Growth Outlook Thursday...   Oct 29, 2009, 05:38 PM
- - Darika Isakova   Dollar Fighting Back Versus Euro As Focus Turns To...   Nov 3, 2009, 07:49 PM
- - Darika Isakova   Swiss Franc Soars To 19-day High Against US Dollar...   Nov 11, 2009, 07:10 PM
- - forex moster   Thank you Darika!   Nov 11, 2009, 07:34 PM
- - Darika Isakova   You are welcome. Hope, our news help you to make r...   Nov 12, 2009, 11:56 AM
- - dorin   darika, you now read news in the television.. i sa...   Nov 13, 2009, 05:29 PM
- - Svetlana Milyushko   European Economics Preview: Eurozone Economy Forec...   Nov 13, 2009, 06:00 PM
- - yoshi   interesting review as always. keep on, Ms. Tatyana...   Nov 16, 2009, 06:53 PM
|- - Svetlana Milyushko   QUOTE (yoshi @ Nov 16 2009, 08:53 PM) int...   Nov 27, 2009, 06:42 PM
- - Svetlana Milyushko   Japanese Yen Slides Against Majors Retracing its A...   Nov 27, 2009, 06:41 PM
- - Darika Isakova   Japanese Consumer Prices Fall Further, Unemploymen...   Nov 27, 2009, 07:14 PM
- - Svetlana Milyushko   Dollar Rebounds On Strong Jobs Report With the lat...   Dec 4, 2009, 03:10 PM
- - Darika Isakova   Philippine Consumer Prices Continue To Rise In Nov...   Dec 4, 2009, 05:39 PM
- - Svetlana Milyushko   Moody's Says U.S. And U.K. May Test Boundaries...   Dec 8, 2009, 05:30 PM
- - Svetlana Milyushko   Canadian Dollar Advances Against US Dollar The Can...   Dec 9, 2009, 10:46 AM
- - IFX Darika   Hungarian Forint Plummets To 5-week Low Against US...   Dec 9, 2009, 06:02 PM
- - IFX Darika   November Retail Sales Show Much Stronger Than Expe...   Dec 11, 2009, 03:22 PM
- - Svetlana Milyushko   UK Employment Situation Better Than Forecast: BoE ...   Dec 14, 2009, 04:50 PM
- - IFX Darika   European Currency Plunges To 2 1/2- Month Low Ag...   Dec 15, 2009, 07:34 PM
- - Svetlana Milyushko   Dollar Eases Versus Euro, Sterling Ahead Of Fed Ra...   Dec 16, 2009, 02:42 PM
- - Svetlana Milyushko   Pound Spikes Down Against Majors. The British poun...   Dec 17, 2009, 10:56 AM
- - IFX Darika   German Ifo Business Confidence Improves Latest Ifo...   Dec 18, 2009, 01:09 PM
- - IFX Darika   Britons To Spend GBP1.37 Bln On Christmas Eve Man...   Dec 24, 2009, 02:52 PM
38 Pages V   1 2 3 > » 



        11 User(s) are reading this topic (11 Guests and 0 Anonymous Users)
0 Members:

 

Lo-Fi Version   Partnership with InstaForex   Open account in InstaForex   Support InstaForex Time is now: 19th March 2024 - 08:56 AM