News

Loonie Weakens Despite Smaller Than Expected Decline in Housing Starts

10.08.2010, 12:41:13 PM

by Anonymous

RSS

0 Comment

The Canadian dollar is weakening despite a stronger than expected housing starts report for the region. Just moments ago the Canadian Mortgage Housing Corporation reported that annualized housing starts fell to 189.2k in July, less than expectations for a contraction to 185.0k from 192.3k the month prior. On a month-over-month basis the move amounts to a 1.6% contraction. Although the data were better than expected, the news weighed on the Canadian dollar, with USD/CAD rising 33 pips to an intraday high of 1.0386 on the news.

PDF version

RSS

0 Comment

Email to friend| Print|

0 Feedback so far

Add a comment

Other news

News of the Day

18.05.2012, 10:24:03 AM

by: stas

1. EUR/USD tanks near critical-critical (!!!) January low of 1.2623. Will it hold?2. Moody's downgraded 16 Spanish banks, shifting the focus to Spain and its banking sector.3. The yen was the main ben...

view

News of the Day

17.05.2012, 10:18:11 AM

by: Around FX

1. USD rally stalls as Fed shows readiness to help the economy if it is needed. 2. The ECB announced they were no longer ready to lend funds to some of the Greek banks. The default of Greece is nearin...

view

News of the Day

15.05.2012, 07:43:43 AM

by: Around FX

1. Gold broke through its support line. Last time it hit current levels, it only stopped at $1522.2. Better than expected German GDP helped EUR/USD up today. 3. AUD/USD returned to parity, but this ti...

view

News of the Day

14.05.2012, 08:42:58 AM

by: Around FX

1. EUR/USD opened with a gap down again. Now trading at 4 months low and below 1.29. 2. Possible reasons for EUR/USD fall: Greece was unable to form a government over the weekend and Merkel's party su...

view

front_fin_calendar

May

No items in this choice...

AroundFX is a trade name used by O.C.M Online Capital Markets Pty Ltd, registered in Australia and regulated by ASIC under the license no. AFSL 343628, (ABN 29140899476). The Company makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Please read our full risk disclaimer and make sure you fully understand the risks involved. Trading in Foreign Exchange and CFDs may not be suitable for everyone. Independent advice should be sought if necessary.