In the Asian session on Wednesday, the Canadian dollar advanced against its U.S., European and Japanese counterparts. Except Chinese stocks, other Asian stock markets rose today following a rise in U.S. stocks overnight. Sentiment in Asia was bolstered by encouraging reports on South Korea’s fourth quarter GDP and Japan’s industrial production for February. Japan’s industrial
Wednesday in Asia, the Australian and New Zealand dollars rose against their major counterparts as demand for higher-yielding currencies increased on the back of rise in Asian stocks. The aussie surged up to a fresh 29-year high against the greenback. Asian stock markets rose, except Chinese stocks, with the overnight positive close on Wall Street
The British pound extended its previous session’s rally in early European trading on Wednesday as Asian and European equities gained on improved outlook for future economic growth. Tracking their Asian peers, the European equities started trading in positive territories today with U.K.’s FTSE 100 Index is currently up 0.52 percent, France’s CAC 40 is trading
The euro was mixed on Monday, as Portuguese borrowing costs soared to fresh record highs, fueling concerns about the region’s sovereign debt crisis. European Union officials agreed on a permanent bailout fund at a meeting in Brussels last week, but no concrete steps were taken to bail out Portugal, even after the resignation of prime
The dollar fought back against the euro and emerged from an unusually tight trading range versus the yen on Friday, helped by data showing the U.S. economy grew faster than previously reported in the fourth quarter. Also, while European Union officials agreed on a permanent bailout fund at a meeting in Brussels, no concrete steps
