predictions for the canadian dollar in the coming week

Forex: Greenback "could weaken quickly and dramatically" says Mizuho

FXstreet.com (Barcelona) - After falling strongly in the last week against the rest of the majors, Dollar seems to decline further in the coming days, in fact, according to Mizuho, USD could weaken dramatically. Mizuho says that Brazil?s President Lula and China's Hu Jintao suggested bilateral trades should be settled in different currencies than Dollar.Last week, USD lost 3.80% against EUR after reaching 1.4050, 4-month high, also against GBP, Cable rose 4.90% in the last week and the pair posted

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Forex: Greenback "could weaken quickly and dramatically" says Mizuho

FXstreet.com (Barcelona) - After falling strongly in the last week against the rest of the majors, Dollar seems to decline further in the coming days, in fact, according to Mizuho, USD could weaken dramatically. Mizuho says that Brazil?s President Lula and China's Hu Jintao suggested bilateral trades should be settled in different currencies than Dollar.Last week, USD lost 3.80% against EUR after reaching 1.4050, 4-month high, also against GBP, Cable rose 4.90% in the last week and the pair posted

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Forex: GBP/USD jumps above 1.5600 and reaches 1.5625, new 6-months high

Fxstreet.com (Barcelona) - GBP/USD is rising with a strong pace in the last hour after the Wall Street opening, Cable has risen around 150 pips from 1.5475 to reach new 6-months at 1.5625. Currently the pair is trading in its highest levels around the 1.5620, 0.80% above today's opening price action.US Market's gains have been widespread on Wednesday's session with companies such as American Express, Caterpillar or McDonalds booking strong gains. Financials, energy and basic materials have driven the S&P

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Dollar could lose momentum

!--TITOL: h1Dollar could lose momentumFITITOL--FXstreet.com (Buenos Aires) - The belief that the worst of global economic turndown is over is likely to continue this week, and dollar could weaken partially against major rivals, losing its safe haven condition. However, Euro won?t find an easy way up as reports last week showed huge contractions in economies throughout Europe and that should pin down any rallies in the single currency. Also, this week the U.K. will present their inflation numbers, and that

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Forex - Dollar reversed from early week gains against the Euro

The Dollar slid on Wednesday as investors debated the outlook for interest rates in the US and Europe given statements from central bank officials in recent days. Investors expect a euro-zone rate rise as soon as July based on comments from ECB President Jean-Claude Trichet last week, although some of the bank's policymakers have whispered expe

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Canadian Dollar Hits 3-Month High Against Greenback

The Canadian dollar is one of the top performing currencies Thursday hitting a 3-month high against the U.S. dollar as U.S. equities move higher.The Canadian dollar is once again trading as the second-best currency against the greenback. Only the Japanese yen is outperforming the Canadian dollar. USD/CAD is trading below the key 1.20 CAD support level.It seems that the U.S. dollar is falling out of favour and risk aversion is taking a back seat, said J.P Blais,

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Forex: AUD/USD: The Aussie bounces up at 0.7450, approaching 0.7540/50 area

!--TITOL: h1Forex: AUD/USD: The Aussie bounces up at 0.7450, approaching 0.7540/50 areaFITITOL--FXstreet.com (Barcelona) - Australian Dollar's weakness has hit a new week and a half low at 0.7450 on early Asian session although the AUD has strengthened to reach levels below 0.7540/50 resistance level on early European session.br /br /According to the a href=http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-05-18.htmlE-Forex /ateam, Aussie´s decline to 0.7450 was just a corrective decline, and Australian Dollar mighr take off from current levels: The move to .7450 is rather corrective

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Forex - Dollar edged up ahead of G8 comments and last week Oil record high

The Dollar edged up to a one-week high versus a basket of major currencies on Monday, on speculation that comments from G8 officials could push Oil prices further away from last week's record highs.The Greenback also continued to benefit from a neutral European Central Bank tone, which reduced expectations of further rate hikes after last Thurs

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