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  • H.S. Borji

    Canadian retail sales unexpectedly declined in March, but remained close to February’s record high of CAD $41.11 billion, a sign the consumer segment will continued to drive economic growth at the end of the first quarter. Retail sales declined 0.1 percent to CAD $41.07 billion in March, following a downwardly revised gain of 0.7 percent

  • The Canadian dollar advanced Friday, surpassing 92 US cents in intraday trade amid mixed US data. With demand for the US dollar subdued, the loonie stands to gain considerable traction after the Victoria Day long weekend. The loonie rose to a session high of 0.9205 US, advancing 0.15 percent. The loonie has advanced 0.25 percent

  • Business » US CPI Expected to Rise
    May 14, 2014, 22:02 GMT

    US producer prices rose sharply in April, further supporting the view consumer inflation is picking up after two years of very low levels. The prices of consumer goods and services in the US probably increased 0.3 percent in April, according to a median estimate of economists in a Bloomberg poll. This translates into an annualized

  • The Australian dollar backtracked Friday after a progressive week saw the AUDUSD rise more than 0.8 percent. The AUDUSD declined 0.14 percent to 0.9356 after reaching a daily high of 0.9378. Technical support is likely found at 0.9346, 0.0323 and 0.9299. On the upside, technical resistance is at 0.9245, 0.9449 and 0.9472. The AUDUSD pair

  • Forex » US Dollar Index Poised for Weekly Gain
    April 17, 2014, 20:26 GMT

    The US dollar was relatively unchanged against a basket of its major peers, but was still poised for a weekly gain of more than half a percent as of Thursday’s afternoon session. The US dollar index, which tracks the greenback’s performance against six of its major peers, was at 79.83. US data throughout this shortened

  • The USDJPY currency pair moved up to resistance levels on Wednesday but was unable to break through despite an increasing yield differential. The combination of better than expected US data and softer Japanese economic results have pushed the difference in the 10-year yield back to highs not seen since June of 2013. On Tuesday Japan

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