is canadian dollar expected to continue rising march 2009

USD Mixed Following ADP Employment Report

The U.S. dollar is mixed against majors in the aftermath of a larger-than-expected decline in U.S. employment for March and ahead of what could shape up to be a battle among G20 leaders in London.According to Automatic Data Processing Inc, the U.S. labour market lost 742k jobs in March, much worse than the 663k contraction expected and follows February's 706k fall. The result comes ahead of nonfarm payrolls from the Bureau of Labor Statistics on Friday, which

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Wall Street advances on better than expected retailers reports, EUR fuelled by ECB

FXstreet.com (Barcelona) - US market has opened higher after the better than expected retailers reports as WallMart says its US yearly sales rose 5.0% in April, well above 3.0% expected by market. EUR is climbing up on ECB buying bonds plan and Trichet words, Risk appetite seems to be back.Dow Jones advances 0.25% to 8,530, S&P 500 is rising 0.49% to the 922.54 level. On the other hand, Nasdaq is losing 0.55% after open higher.EUR/USD has reached its monthly high

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Wall street advances on commodities and banks, EUR and GBP consolidating highs

FXstreet.com (Barcelona) - US stocks are rising for second consecutive day on gains in energy and financials shares after opening down after today's worse then expected housing data. EUR and GBP are consolidating high levels.Dow Jones industrial average is advancing 0.27%, consolidating positions above the 8,500 pts level. S&P 500 gains 0.46% and Nasdaq is rising 0.27%. Housing starts fall to a 458k annual rate in April from 530k annual rate in March. Market expectations was a April decline to

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Canadian Dollar Moves Higher as Equities Make Major Gains

The Canadian dollar is moving higher against the greenback as positive sentiment sweeps all asset classes on Thursday morning.USD/CAD has been on a steady decline through the entire trading session, giving up more than 2 cents on the day. The cross has given up most of its gains since March 30 and is now trading below strong support at 1.24 CAD.Currency strategists will continue to look to equity markets for further direction in USD/CAD. Equities received a

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Commodities pairs rise on the board, AUD/USD reaches 7-months hight

FXstreet.com (Barcelona) - AUD/USD has reached 7-months high at 0.7615 in the early American session after rising 1.30% so far today. The pair is currently trading at 0.7560. USD/CAD is trading above 1.1700 level after rising 0.40% so far today and NZD/USD is close to 0.6000 key level after rising 1.00% on the day.Commodities currencies are the overall winners this days, as Australian dollar reached a fresh 7-month high at 0.7615 after better than expected employments situation released past Asian

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Rising Equities Provides Momentum for Canadian Dollar

The Canadian dollar is getting a late afternoon boost against the U.S. dollar as North American equities continue to rally.USD/CAD has been on a sharp downtrend, losing almost a full cent since noon EDT. The U.S. dollar is under broad pressure as North American equities show a 4% rally on the day. With the loonie trading below 1.23 CAD, currency strategists see more room to the downside for USD/CAD. Heading into the last hour of trading, the

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USD Mixed Following ADP Employment Report

The U.S. dollar is mixed against majors in the aftermath of a larger-than-expected decline in U.S. employment for March and ahead of what could shape up to be a battle among G20 leaders in London.According to Automatic Data Processing Inc, the U.S. labour market lost 742k jobs in March, much worse than the 663k contraction expected and follows February's 706k fall. The result comes ahead of nonfarm payrolls from the Bureau of Labor Statistics on Friday, which

adp nonfarm employment change - uk bureau of labor statistics unemployment rate - is canadian dollar expected to continue rising march 2009