Industry News

Loonie marks longest losing streak since February

Posted On: May 14, 2013
The Canadian monetary unit endured its fourth consecutive trading session of losses on Tuesday on foreign exchange markets, marking the currency's longest bearish streak since February, according to Bloomberg. [More]

Category: Industry News

Aussie loses value as central bank forecast to cut interest rates

Posted On: May 14, 2013
The Australian dollar plunged on Tuesday against the world's reserve currency amid bets that the central bank of the South Pacific nation will slash interest rates as a measure of spurring the economy, according to Bloomberg. [More]

Category: Industry News

Euro slips after German investor outlook shaky

Posted On: May 14, 2013
The shared currency of the European Union lost value on Tuesday on foreign exchange markets after investor outlook in the region's strongest economy was weaker than anticipated, according to Reuters. [More]

Category: Industry News

Loonie climbs against most rivals after strong U.S. retail sales data

Posted On: May 13, 2013
The monetary unit of Canada climbed on Monday against most of its rival monetary units on foreign exchange markets, propelled higher by stronger-than-forecast economic data released by the nation's top trade partner, according to Bloomberg. [More]

Category: Industry News

Yen dives as G7 supports stimulus measures

Posted On: May 13, 2013
The monetary unit of Japan declined against the U.S. dollar on Monday on foreign exchange markets after finance officials with the Group of Seven nations did not criticize the nation for its aggressive monetary stimulus activity, Reuters reports. [More]

Category: Industry News

Yuan slumps as concerns grow regarding Chinese economy

Posted On: May 13, 2013
The monetary unit of the globe's second-largest economy lost value for a second consecutive trading session on Monday on foreign exchange markets after the central bank supporting the nation's economy slashed the daily reference rate, according to Bloomberg. [More]

Category: Industry News

Euro slips on GDP data speculation

Posted On: May 13, 2013
Speculation about contraction in the euro zone during the first quarter of this year prompted the shared currency of the European Union to lose value on Monday on foreign exchange markets for the third consecutive trading session, according to Bloomberg. [More]

Category: Industry News

Loonie slumps after weak jobs report

Posted On: May 10, 2013
The monetary unit of Canada scraped its lowest value in seven days against the U.S. dollar on Friday on foreign exchange markets after a weaker-than-expected labor market report, according to Bloomberg. [More]

Category: Industry News

Yuan's three days of gains against the greenback end with reduced reference rate

Posted On: May 10, 2013
The monetary unit of the globe's second-largest economy put the kibosh on a three-day bullish trend against the U.S. dollar on Friday on foreign exchange markets as a consequence of the country's central bank slashing its daily reference rate the most since July of last year, according to Bloomberg. [More]

Category: Industry News

Aussie plunges toward parity with greenback

Posted On: May 10, 2013
The monetary unit of Australia was nearing parity with the U.S. dollar on Friday on foreign exchange markets, marking the first time that the currency was upon that point since July of last year, Bloomberg reports. [More]

Category: Industry News