In early Asian session on Wednesday, the Canadian dollar edged up against the currencies of U.S., Europe and Japan. The loonie climbed to a 2-month high against the euro. The Canadian dollar jumped to a 2-month high of 1.3641 against the euro in early Wednesday Asian deals at 9:00 pm ET. If the Canadian dollar
The European common currency rallied against its major rivals ahead of the European session on Friday after an official data showed that Germany’s producer price inflation accelerated in October from the previous year. The Federal Statistical Office said today that the producer price index rose 4.3% year-on-year in October, faster than a 3.9% growth in
In early European deals on Thursday, the Canadian dollar strengthened to a 2-day high against its U.S. and Japanese counterparts as crude oil rose above $81 a barrel today on eased concern over Ireland’s debt crisis and a weaker dollar. Investors sentiment has picked up after Ireland announced its agreement with the European Union to
U.K.’s sterling erased some of its recent gains versus most major currencies in early trading on Wednesday as concerns about Ireland’s sovereign debt overshadowed the nation’s better-than-expected jobless claims report for October. British jobless claims unexpectedly dropped in October, while the number of employed people in the three months to September rose sharply, suggesting that
The European currency extended its previous session’s downtrend versus other major currencies in early Asian trading on Friday. The common currency plummeted to a fresh 7-week low of 0.8452 against the pound around 6:50 pm ET, down almost 30 pips from Thursday’s North American close and the pair is presently quoted at 0.8461. The next
