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  • H.S. Borji

    The US dollar weakened on Friday amid heighted safe haven demand following a report that Ukrainian troops attacked an armed Russian convoy. The US dollar index, a weighted average of the greenback’s performance against the yen, euro, pound, Swiss franc, Canadian dollar and Swedish krona, declined 0.13 percent to 81.49. As of Friday’s mid-day session

  • H.S. Borji

    Canada’s gross domestic product grew faster than forecast in May on the strength of broad-based advances in most industries, but the Canadian dollar continued to slide as the US dollar asserted its dominance. The loonie, as Canada’s currency is known, declined for a third consecutive day against its US counterpart, hitting a session low of

  • H.S. Borji

    The euro fell to fresh lows against the US dollar Wednesday, as German consumer prices cooled and US economic data kept demand for the greenback elevated. The EURUSD bounced from an intraday low of 1.3367 to consolidate at 1.3376, declining 0.25 percent. The pair, which continues to trade at its lowest levels since September 2013,

  • H.S. Borji

    The Canadian dollar fell to fresh lows Wednesday, as a bullish US dollar asserted its dominance ahead of a key monetary policy statement from the Federal Open Market Committee. The loonie, as Canada’s currency is called, declined 0.41 percent to 0.9179 US, its lowest level since June 11. The loonie is eyeing new lows, as

  • H.S. Borji
    Forex » Aussie Builds Momentum
    H.S. Borji - July 28, 2014, 18:03 GMT

    The Australian dollar advanced against its US counterpart Monday, as the AUDUSD pair pushed above the 0.94 handle amid disappointing US home sales figures. The AUDUSD advanced 0.13 percent to 0.9407, easing off an intraday high of 0.9414. The pair rebounded after declining in each of the last two sessions, as the US dollar continued

  • H.S. Borji

    The Canadian dollar strengthened against its US counterpart Thursday, buoyed by a narrower trade deficit and brighter global prospects. The loonie, as the Canadian dollar is known, advanced 0.32 percent to reach 0.9404. The loonie climbed to a nearly six month high of 0.9411 earlier this week before declining in the Wednesday session. Canada’s currency

  • H.S. Borji

    The US dollar advanced against a basket of currencies Thursday, as US employers added more than 200,000 workers for the fifth consecutive month and the unemployment rate fell to a nearly six-year low. The US dollar index, a broad performance measure of the greenback’s strength against six commonly traded peers, advanced 0.31 percent to 80.20.

  • H.S. Borji

    The Canadian dollar was higher Tuesday, rebounding against the US dollar and broadening its advances against the Japanese yen. The Canadian dollar rebounded against its US counterpart, advancing 0.14 percent to 0.9387. The USDCAD was down 0.13 percent to 1.0654. The trend line shows initial support at 1.0645 and resistance at 1.0697. The loonie had

  • H.S. Borji
    Forex » US Dollar Index Falls below 80.00
    H.S. Borji - June 30, 2014, 18:36 GMT

    The US dollar edged lower against a basket of currencies Monday, as mixed economic data reminded investors the Federal Reserve won’t rush to raise interest rates any time soon. The US dollar index, a gauge of the greenback’s performance versus six commonly traded peers, declined 0.3 percent to 79.80. The index last week posted its

  • H.S. Borji
    Business » Canadian GDP Data due Monday
    H.S. Borji - June 27, 2014, 17:01 GMT

    Canadian fundamentals will take centre stage Monday when Statistics Canada reports on gross domestic product for the month of April. The reading is expected to show Canada’s economy expanded slightly in April following a disappointing first quarter that was weighed down by inclement weather. Monday’s report could show Canada’s economy expanded 0.1 percent in April,

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