In today’s news the hot topics are Swiss Central Bank’s decision to remove the rate ceiling of the Swiss Franc exchange rate US dollar momentum slows as commodity currencies are rising as commodity short positions are being squared OPEC forecasts rising oil prices and slow down in the...
The US dollar’s rise slowed down today after retail sales for December showed a decline that was faster than forecasted. This rose concerns about consumer spending in the final stretch of 2014. The negative retail sales data contradicts the expectations of firm GDP growth in...
The American economy has helped the US Dollar reach all time highs, and right now the US Dollar index is at an 11 year high. North of the border, the Canadian dollar is at record lows due to falling oil prices and not so impressive...
The loonie has tumbled by 3.4 cents since November of 2014 as currency traders expect the low oil and energy prices will push back the timing of an interest-rate increase by the Bank of Canada. In addition to the unfavorable oil prices, concerns about the...
First day of the week and another multi-year low in oil prices and Canadian dollar exchange rates. This new low for oil isn't due to supply and demand, rather it is because of downgrades from major international banks. The drop in oil prices has a clear...