June 10, 2009. Dollar gained after the news that Canadian stocks decline and Canadian dollar weakened. Canadian trade deficit rose up to C$ 179 million during April, statistic department said in a statement in Ottawa.
Monthly Archive for June, 2009
June 10, 2009. Investors concern of the increase inflation may boost demand for the precious metal as alternative safe haven.Dollar may slide against Euro on speculation that global recession is ending, thus reducing demand for dollar. Dollar fell against other currencies on high oil prices.
June 10, 2009. Amid speculations that global recession is easing Investors have started buying high yielding currencies because of their higher interest rates (Australian dollar 3 percent, New Zealand 2.5 percent,2 percent in Korea compared with Zero percent in US and 0.1 percent in Japan. ) Australian dollar rose on the news that consumers confidence jumped in June most in 22 years signs that economy may avoid recession.
June 05, 2009. Those Investors and traders who have started following our site and who had taken Short positions in Swiss Francs,British pound,Euro and Gold as per our analyst free advise on 2nd and 4th June should square their respective position to spend their weekend, without any market worries.We will be back with fresh mind and with new approach towards Market .on Monday. We wish nice weekend to all.
June 05, 2009. A government report released today has reported that Us employers has cut fewer jobs than forecast by leading economist, thus pushing dollar up against Euro and Japanese yen.The dollar climbed against every currency . Speculators are expecting strong economic number in favor of US dollar in near Future.