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Japan’s Finance Minister Jun Azumi escalated his warnings against strengthening in the yen toward a postwar high, and signaled that the Federal Reserve is partly to blame for its recent advance.
Regards,
Don
FOREX
The Canadian dollar remained above parity with the U.S. currency on Wednesday, holding its ground as global risk appetite rose on encouraging manufacturing data from world economic powers the United States, China and Germany.
Regards,
Don
Oil traded near the lowest price in more than a week on signs that consumer confidence and demand for fuel is slipping in the U.S., the biggest crude consumer.
Regards,
Don
Canada’s dollar fell from a three- month high versus its American counterpart after consumer confidence unexpectedly dropped in the U.S., the nation’s biggest trade partner.
Regards,
Don
The Australian dollar failed to extend yesterday’s gain on speculation a report today will show manufacturing shrank in China.
The so-called Aussie was 0.6 percent from a one-week low versus the yen as economists in a Bloomberg News survey forecast China’s manufacturing purchasing managers’ index slid to 49.6 in December from the previous month, slipping below the level of 50 that marks the division between contraction and expansion. New Zealand’s dollar, nicknamed the kiwi, halted yesterday’s advance on expectations Asian stocks will fall after U.S. equities slid for a fourth-straight day yesterday.
Regards,
Don
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The Canadian dollar closed unchanged on Tuesday as soft North American economic data offset support provided by gains in commodity prices on optimism that progress was being made to alleviate the euro zone debt crisis.
Data that showed Canada’s economy contracted in November for the first time since May was followed by a steeper-than-expected decline in U.S. home prices in November and flagging U.S. consumer confidence figures for January.
Regards,
Don
The yen was 0.1 percent from a three-month high against the dollar as speculation the euro area’s unemployment is worsening amid the region’s debt crisis boosted demand for Japan’s currency as a refuge.
Regards,
Don
Canada’s dollar is set to outperform commodity-exporters Australia and New Zealand as the U.S. economy accelerates while China’s output cools.
Down 0.2 percent this year after having lost 1.8 percent in 2011 against nine major peers in Bloomberg Correlation-Weighted Indexes,
Regards,
Don
The dollar floundered around three-month lows versus the yen in Asia on Tuesday and was near enough to record depths to make markets wary of intervention, while the euro nursed losses as Greece’s debt swap deal proved elusive
Regards,
Don
Oil prices fell on Monday with the demand outlook uncertain as the market awaited the outcome of a European Union summit on containing the eurozone debt crisis, analysts said.
New York’s main contract, West Texas Intermediate crude for delivery in March, shed 51 cents to $99.05 a barrel.
Brent North Sea crude for March dropped 31 cents to $111.15 in London deals approaching midday.
Regards,
Don
The Canadian dollar backed away from parity Monday morning as commodity prices lost ground and investor confidence appeared shaken over the impact of a tentative deal to resolve Greece’s debt crisis.
The loonie lost 0.55 of a cent to 99.38 cents US.
The February gold contract fell US$8.40 to $1,723.80 per ounce, and the March oil contract shed 79 cents to $98.77 per barrel. Copper prices were down seven cents at US$3.82.
Regards,
Don
