FX Markets Set Stage for Central Bank Meetings and Earnings Continue to Surprise
FX Markets Set Stage for Central Bank Meetings and Earnings Continue to Surprise
The dollar managed to gain strength versus most o f the majors due to commentary from Central Banks and a lack of clarity regarding timing of a global economic recovery. The EurUsd fell roughly 120pips to the mid-range of 1.30, while the UsdJpy […]
USD and JPY Lower, Focus Turns to US Bank Earnings
USD and JPY Lower, Focus Turns to US Bank Earnings
FX Highlights
USD firms versus Europe with EUR pressured by comments from ECB President Trichet that the ECB will decide on unconventional measures at the May policy meeting, EUR was also pressured by report that Moody’s plans to put Ireland’s bond rating on watch, CHF lower […]
Ottawa to face bigger deficit: TD Bank
The recession is going to force the federal government much deeper into deficit than it forecast in its last budget, according to the Toronto-Dominion bank.
“The result is [an] all-time high deficit of $39.2 billion in fiscal 2009-10 and $42.3 billion in fiscal 2010-11,” said Toronto-Dominion chief economist Don Drummond in a statement.
“[It’s] well above the […]