Archive for May, 2010

USD/CAD: Trading the Bank of Canada Interest Rate Decision

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As the economic recovery in Canada gathers pace, the central bank is widely expected to normalize policy in the second-half of the 2010 as Governor Mark Carney aims to balance the risks for growth and inflation.


World No Tobacco Day – 2010

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Every year since 1988, May 31 is being observed as “World No Tobacco Day”, and the theme for this year is “Gender and tobacco with an emphasis on marketing to women”.


Yen declines on political concerns

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G10 Advancers and Decliners vs USD
CHF 0.29 7cd12 advancer bar Yen declines on political concerns
EUR 0.29 7cd12 advancer bar Yen declines on political concerns
GBP 0.08 7cd12 advancer bar Yen declines on political concerns
c9e30 decliner bar Yen declines on political concerns JPY -0.34
The USDJPY climbed to 91.38 while EURJPY rose to 112.63 as the JPY weakened against its major counterparts amid speculation political turmoil will dent the currency’s safe-haven appeal after Japan’s Social Democratic Party left a three-way coalition government. The JPY also fell after a poll showed that more than half of the nation’s voters want Prime Minister Hatoyama to resign. Japan’s…