Article Feed
Twitter
CAD Weakens As BoC Lowers Growth Forecasts
01/19/10 by Daily Forex Snapshots
Filed under Forex & Futures
|
The USD has made gains against its major counterparts today as risk appetite was burdened by poor economic news and a dovish BoC statement. The headline event of the European morning was UK CPI which surged an alarming 0.6% MoM, 2.9% YoY in December; up from last month’s 0.3% MoM, 1.9% YoY rise. Although potentially suggesting higher borrowing costs may have to be implemented to ward off an… | ||||||||||||||||||||
Comments
Tell us what you're thinking...