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EUR/USD: Euro drops to 1.3250 from 1.3340 high after Fed

FXstreet.com (Barcelona) ? Dollar renewed strength after Fed statement has capped EUR/USD rally from 1.2965 low yesterday at 1,3340 high reached right before the Fed, the Euro has dropped afterwards to levels above support level at 1.3245.Despite the Euro?s reverse, Nick Nasad, currency market analyst with CMS Forex, would not discard further appreciation for the Euro: ?The pullback amounted to about 38.2% of today;s rise, so wouldn't buy into the idea that the Euro is done climbing against the Dollar.

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Canadian Dollar Cannot Hold Gains After Hitting Three-Month High Against USD

It has been a volatile day for the Canadian dollar, which hit a three-month high against the greenback earlier Thursday morning.The gains were short-lived as the greenback reversed its losses and is currently hovering around the 1.21 CAD level.George Androulidakis, director of currency trading at the National Bank of Canada, said he took a long USD/CAD position at 1.20, which has proved to be a longer-term support level. He noted that the move Thursday morning looked slightly

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Canadian Dollar Continues to Slump on Swine Flu and U.S. Banking Concerns

The Canadian dollar is giving back most of its recent gains Tuesday morning as investors move into safe haven currencies such as the U.S. dollar and the Japanese yen. Concerns over the U.S. banking sector and the swine flu epidemic are adding to the negative sentiment.During the last five sessions, the Canadian dollar was one of the top performing currencies against the U.S. dollar, but circumstances changed Monday afternoon after investors reacted to concerns of a flu

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US Dollar Canadian Dollar (USD CAD) analysis

Forex trading. USD/CAD (US Dollar Canadian Dollar) technical analysis

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Canadian Dollar Falls Sharply as Risk Rises Overnight

(CEP News) - The Canadian dollar is trading near a one-month low against the U.S. dollar, which is up against most majors Tuesday as concerns about the global economy continue to grow.Overnight, the pair broke through 1.2500, which has been a strong psychological barrier, but so far gains have been capped at a session high of 1.2654 CAD. USD/CAD remains near session highs, trading up more than 2 cents to 1.2638 CAD. The Canadian dollar has been the worst performer

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Canadian Dollar Taking Little Direction from Weak Employment Report

Weaker-than-expected Canadian employment numbers are not having much impact on the Canadian dollar on Thursday morning.Positive market sentiment appears to be driving currency markets, which is benefiting not only the Canadian dollar but most of the commodity and high-yield currencies. Among the G10 currencies, the Canadian dollar is one of the top performers against the greenback.USD/CAD has been on a modest downtrend through most of the session. The selloff picked up steam following the Canadian employment report.

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