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USD/CAD Rising Higher as Banking Concerns Grip Markets

USD/CAD is getting some support from weaker equity markets as banking problems continue to stoke fear sentiment.Weaker North American stocks are providing broad momentum to the U.S. dollar and helping to push USD/CAD closer to the 1.30 CAD marker. The cross is up over a full cent to 1.2884 CAD. The negative sentiment started overnight when the U.S. Treasury released a statement saying it would increase its stake in AIG, allowing the insurance company to draw up to

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Euro Moves Higher Despite Weaker U.S. Economic Growth

Weaker-than-expected U.S. first quarter economic growth is not having much impact on currency markets as the euro holds major gains against the greenback Wednesday morning.EUR/USD climbed steadily higher through most of the session and is currently in the mid-1.32 USD level. The latest U.S. data has not provided any direction for the cross.Recently, negative U.S. data has supported the U.S. dollar by boosting risk aversion sentiment. However, currency markets and equities shrugged off a stronger-than-expected drop in

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Grim News Causes Canadian Dollar to Lag Against Greenback

The Canadian dollar is one of the laggards on Monday following a weekend of disappointing news. OPEC's decision not to cut production, a grim outlook from the Bank of Canada and weaker-than-expected data are some of the reasons behind the loonie's weakness.The Canadian dollar is the second worst performer against the U.S. dollar among the G10 nation currencies. The only currency that is weaker than the loonie is the Japanese yen. It has been a relatively volatile session

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Canadian Dollar / -> New Leu RON converter (CANADA / ROMANIA)

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