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  • Western Union Business Solutions - Loonie tracks oil's climb, ECB chief's support for euro
    in Toronto told the news source There s a significant short covering in euro Other markets are following suit on reduced risk aversion The loonie drove to its highest value since May 16 against the U S dollar after gains of 0 9 percent The Wall Street Journal reports Draghi said the financial institution he leads is likely to purchase government bonds or explore additional options to push down expenses and costs for sovereign borrowing He did rule out an operation for long term refinancing and quantitative easing Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Loonie gains in strength amid optimism emanating from euro zone The Canadian dollar was having a day to remember on Wednesday pushing beyond its highest value in m Euro zone leaders advocate for Greece European Union Leaders in Europe must merge efforts to counter the ill effects of the sovereign debt crisis by esta Reuters Euro Weakness Seen as Temporary as Markets Await ECB Action From Reuters The euro fell against the dollar and yen on Thursday with investors consolidating rec Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Loonie-tracks-oils-climb-ECB-chiefs-support-for-euro.aspx (2012-12-22)
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  • Western Union Business Solutions - Canadian dollar advances with euro
    them to overlook the poor data overnight senior economist and foreign exchange strategist Benjamin Reitzes with BMO Capital Markets told the news source The loonie headed up in value after hovering near its lowest price in two weeks against the U S dollar as it tracked the upward drive of the euro Conjecture about central banks boosting monetary stimulus to prompt economic growth also benefited the Canadian dollar according to Bloomberg Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Canadian dollar loses value as confidence wanes for European leaders abilities The value of the Canadian dollar was on the slip Monday against the U S dollar amid preoccupations Euro climbs against dollar as pound Australian dollar slip Europe s shared currency recovered against the U S dollar Friday morning as the euro regained some Euro advances against dollar for first time in four sessions The 17 nation shared currency of the euro zone advanced Wednesday morning for the first time in four Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN New Zealand Portugal Spain United Kingdom United States

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Canadian-dollar-advances-with-euro.aspx (2012-12-22)
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  • Western Union Business Solutions - Gold prices pass milestone mark as euro climbs
    a 20 70 lift to 1 601 50 per troy ounce Counter to political commentary Despite the gains to gold Kendall warned that there are forces that work against Nowotny s remarks We ve had a modest uptick in sentiment this morning with these comments about the banking license for the ESM but again that kind of market reaction to political commentary can be very easily undone by economic data which has not been encouraging the Credit Suisse analyst told the news source Among the weaker economic data on Wednesday was Germany s business sentiment As the euro zone s largest economy Germany plays a key role in the region s attempts to work itself out of the clench of a nearly three year old debt scourge Development and growth figures in Britain for the second quarter were markedly worse than anticipated And shifting west across the Atlantic the U S is slated to release economic data about U S new home sales later on Wednesday Additional news from the U S financial sector also benefited bullion and the euro Dollar drop The world s reserve currency dropped slightly after notching its highest value in 24 months against the euro on Wednesday RTT News reports The U S dollar remained pinched against two other safe haven currencies The greenback was virtually even against the Swiss franc and hovered about its lowest value in two months against the Japanese yen Estimates for new home sales last month in the U S are projected to be slightly higher than totals from May which were 369 000 after increasing 7 6 percent from April The U S Department of Commerce was projected to release data indicating new homes sales of 370 000 for June Gold demand still strong Bullion s bounce back on Wednesday comes as its demand as an alternative investment continues according to Bloomberg Thus far this year gold is up about 1 6 percent as it drives toward a 12th consecutive year of gains With a record price of 1 923 70 per troy ounce as established on September 7 of last year gold presently is more than 300 lower than its all time high Speculation continues mounting about whether the U S Federal Reserve will deploy additional monetary easing to spur the globe s largest economy The institution is scheduled to convene later next month Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Gold prices hover near 1 600 per troy ounce The price of gold was flirting with the milestone value of 1 600 per troy ounce on Monday but conc Gold prices scale 1 6k mark The price of gold hurtled past the milestone value of 1 600 per troy ounce on Tuesday propelled by Euro climbs as leaders work toward keeping Greece among

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Gold-prices-pass-milestone-mark-as-euro-climbs.aspx (2012-12-22)
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  • Western Union Business Solutions - Reuters: Euro at Over Two-Year Low Versus Dollar on Euro Zone Data, Outlook
    top rated countries may have to increase support for indebted states such as Spain and Italy The continuing deluge of negative euro related news has restrained the single currency s upside potential leaving it vulnerable to further depreciation Ravi Bharadwaj pricing and market analyst at Western Union Business Solutions in Washington It doesn t help he added that euro zone public officials have persistently acted like deer in the headlights when facing the region s extraordinary credit strains Read full article Category Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Reuters Euro at Over Two Year Low Versus Dollar on Euro Zone Data Outlook From Reuters The euro fell to a more than two year low against the dollar on Tuesday as weak euro z Reuters Euro Rebounds from Two Year Low as Risk Rally Gains Ground From Reuters The euro zone s single currency survived a surprise cut in Italy s credit ratings by M Reuters Euro Retreats on Worries Over Euro Zone From Reuters NEW YORK April 16 Reuters The euro hit a two month low against the yen and a 1 1 Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Reuters-Euro-at-Over-Two-Year-Low-Versus-Dollar-on-Euro-Zone-Data-Outlook.aspx (2012-12-22)
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  • Western Union Business Solutions - Loonie drives toward third-straight losing streak
    after some disappointing numbers out of China but one number doesn t a trend make so I think the market is more clearly focused on Europe at this point and concerns over spreads and everything else that s going on there Spanish debt yields were pushing higher on Tuesday as the nation was believed to be nearing a full rescue that the 17 nation bloc might have trouble affording Bloomberg reports the Canadian dollar dropped 0 6 percent on Monday representing the biggest loss thus far this month Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Loonie drives toward 10 week high against greenback The value of the Canadian dollar pushed close to its highest level in 10 weeks against its southerly Loonie advances toward 10 consecutive weeks of gains against the yen The value of the Canadian dollar was driving toward its tenth straight weekly gain against the Japan Loonie pushes toward recent highs against greenback The value of the Canadian dollar was pressing toward its recent highs against the world s reserve cu Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Loonie-drives-toward-third-straight-losing-streak.aspx (2012-12-22)
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  • Western Union Business Solutions - Bloomberg: Euro Rises After EU Leaders Renounce Spain Loan Seniority
    WU WU said in a telephone interview It s not the best case scenario but it certainly exceeds the market s really low expectations heading into the summit The euro advanced 1 8 percent to 1 2667 at 5 p m New York time after rising as much as 2 percent the biggest intraday gain since Oct 27 The shared currency jumped 2 2 percent to 101 04 yen gaining as much as 2 6 percent the most since Oct 31 The yen fell 0 4 percent to 79 79 per dollar Read full article Category Media Coverage Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Euro zone leaders advocate for Greece European Union Leaders in Europe must merge efforts to counter the ill effects of the sovereign debt crisis by esta Euro climbs as leaders work toward keeping Greece among the euro zone The value of the shared currency of the European Union advanced against the world s reserve currency Spain becoming flashpoint of debt scourge as euro swoons Government bonds of two euro zone nation s long rumored to be on the cusp of being snared by the tal Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Bloomberg-Euro-Rises-After-EU-Leaders-Renounce-Spain-Loan-Seniority.aspx (2012-12-22)
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  • Western Union Business Solutions - Loonie gains linked to European Union leaders' surprise progress
    Capital Markets according to the news source Time will tell how long this risk rally lasts but for today the markets are clearly celebrating European Union leaders proffered a scheme to earmark bailout funding directly to debt hobbled banks while also minimizing austerity cuts against the more deeply impacted nations Even the embattled monetary unit of the 17 nation bloc achieved gains on Friday according to Reuters The shared currency of the European Union climbed 2 percent against the world s reserve currency Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Loonie s gains against greenback linked to consumer prices data The value of the Canadian dollar gained against its southerly rival on Friday after consumer prices Pound gains against euro falls against greenback The English pound climbed in value against the shared currency of the European Union on Tuesday but Yen gains against greenback as Bank of Japan opts against strengthening stimulus program The value of the Japanese yen gained the most in 14 days against the world s reserve currency on Fri Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Loonie-gains-linked-to-European-Union-leaders-surprise-progress.aspx (2012-12-22)
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  • Western Union Business Solutions - Canadian dollar drops as euro zone leaders get to work in Brussels
    interest will get overwhelmed by more risk aversion My feeling is that we retest the C 1 0450 area at least in the next four to six weeks Thus far this month the Canadian dollar has lost 0 8 percent of its value against the U S dollar which represents the biggest dive since losing 1 3 percent in August of last year The two day summit in Brussels kicked off Thursday with finance officials working on devising short term strategies for the stability of Spain and Italy according to Reuters Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Euro climbs as leaders work toward keeping Greece among the euro zone The value of the shared currency of the European Union advanced against the world s reserve currency Euro zone leaders advocate for Greece European Union Leaders in Europe must merge efforts to counter the ill effects of the sovereign debt crisis by esta Canadian dollar loses value as confidence wanes for European leaders abilities The value of the Canadian dollar was on the slip Monday against the U S dollar amid preoccupations Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Canadian-dollar-drops-as-euro-zone-leaders-get-to-work-in-Brussels.aspx (2012-12-22)
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