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NEW YORK (AFP) - The dollar tumbled sharply against the euro and the yen as expectations of further US interest rate hikes receded in the wake of tame inflation data.
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Dollar surges on US rate speculation
NEW YORK (AFP) - The dollar surged against the euro after comments from Federal Reserve officials prompted revived speculation of further interest rate hikes by the US central bank.
Canada's Dollar Advances as Interest-Rate Reduction Expectations Subside
Oct. 18 (Bloomberg) -- The Canadian dollar gained the most in almost a month as investors pare expectations the Bank of Canada will cut borrowing costs.
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Selling cdn) and wait for the us dollar to rise. against the canadian dollar (cdn) you would buy usd (simultaneously if you think that the us dollar (usd) is undervalued Businesses use the market to buy and sell products in other countries, who use it to generate profits from small movements in the market. but most of the activity on the forex is from currency traders New phenomenon made possible with the advent of internet trading. short term trading is a relatively Necessarily the price of your transaction. brokers in the futures market often quote prices reflecting the last trade not Your order. 'stop loss rate' into this automatically enters a
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Having recently accepted a payed internship in the US (I'm Canadian), I am increasingly dismayed at our country's stable economy. Every day, the Canadian dollar gains ground on the USD, and every day I take a pay decrease.
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