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Weak Canadian Employment Adds Volatility to Canadian Dollar

The Canadian dollar is struggling to find any direction Friday morning following the release of a weaker-than-expected Canadian employment report.The February Canadian employment report added volatility to currency markets Friday morning, with USD/CAD rallying 35 pips following the release of the report. Those gains were quickly reversed as the cross fell back below 1.28 CAD. After the initial volatility, the Canadian dollar remains under significant pressure trading in the mid-1.28 CAD area.The Canadian unemployment report was weaker

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Equity Rally Driving Canadian Dollar Gains against Greenback

Canadian data is not providing any direction for the Canadian dollar, as a rally in equities is dominating currency moves.A modest rise in global equity markets Tuesday morning is causing a broad selloff in the U.S. dollar, which is helping the loonie retrace some of its losses Monday morning.USD/CAD could see further gains as support at 1.25 CAD appears to be holding. The cross is hovering in the mid-1.25 CAD area ahead of the North American open.

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Forex: GBP/USD holds above 1.4600

FXstreet.com (Córdoba) ? Pound weakened against the dollar during the American Session. GBP/USD now is recovering after reaching a session low at 1.4576. The pair has been moving in a small range in the last hours between 1.4590 and 1.4625. For the day is practically unchanged falling 0.07%. At 1.4510 GBP/USD has a key support level tested early today and also on Monday. During the week the pair has been traded in sideways, with no clear direction. GBP/JPY recovers after

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Weak Canadian Employment Adds Volatility to Canadian Dollar

The Canadian dollar is struggling to find any direction Friday morning following the release of a weaker-than-expected Canadian employment report.The February Canadian employment report added volatility to currency markets Friday morning, with USD/CAD rallying 35 pips following the release of the report. Those gains were quickly reversed as the cross fell back below 1.28 CAD. After the initial volatility, the Canadian dollar remains under significant pressure trading in the mid-1.28 CAD area.The Canadian unemployment report was weaker

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L’augmentation des coûts de main-d’oeuvre ralentit tout comme la productivité grimpe aux États-Unis

L’augmentation de 1,3 % affichée au trimestre précédent a été révisée en hausse à + 1,5 %.Le coût unitaire de la main-d’oeuvre augmenté de 1,8 % au rythme annuel, ceci malgré l’augmentation de 2,8 % attendue par le consensus. Au rythme trimestriel, l’estimation préliminaire du coût unitaire de main-d’oeuvre a été révisée en baisse à 2,6 % de 2,8 %.Le nombre d’heures de travail a fléchi de 8,4 % au cours du trimestre, en baisse de la contraction de 3,4

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Forex - Devises

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Equity Rally Driving Canadian Dollar Gains against Greenback

Canadian data is not providing any direction for the Canadian dollar, as a rally in equities is dominating currency moves.A modest rise in global equity markets Tuesday morning is causing a broad selloff in the U.S. dollar, which is helping the loonie retrace some of its losses Monday morning.USD/CAD could see further gains as support at 1.25 CAD appears to be holding. The cross is hovering in the mid-1.25 CAD area ahead of the North American open.

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Forex: Dollar will be higher in the long term, says Wachovia

FXstreet.com (Barcelona) - The Greenback will trend higher against the rest of the majors in the foreseeable future, says Jay Bryson, Global Economist at Wachovia, as the United State will show signs of recovery before most other economies.On April, EUR/USD has fallen 1.41% from 1.3256 opening price in April the 1st, GBP/USD is rising 1.94% from 1.4360 opening monthly price, USD/JPY falls 1.49% from 99.33 and USD/CHF advances 1.47% since 1.1391 opening April price.Bryson affirms: Our views on the near-term

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Le huard sous pression alors que le marché cherche une direction

Bien qu’il ne semble pas y avoir de direction au USD/CAD, Butler indique qu’il y a plus de risque que le huard baisse. Il a ajouté que l’aversion générale au risque continuait de favoriser le billet vert.George Androulidakis, directeur des devises à la Banque Nationale du Canada, est d’accord avec le fait que la tendance est à la hausse pour le USD/CAD. Il s’attend à court terme à un test de la résistance à 1,25 CAD.Il a ajouté que

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Dollar Yen (USD JPY) analysis

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