Canadian Loonie Extends Losses Amid Falling Retail Sales, Rising US Dollar
The Canadian dollar further weakened against its US counterpart to finish the trading week as the greenback surged and disappointing data weighed on the loonie….
Posts Tagged: Housing Prices
Chinese Yuan Strengthens on Expected Easing Policies To Support Economy
The Chinese yuan strengthened against its US counterpart to close out the trading week, driven by the growing likelihood of monetary easing in Beijing to…
US Dollar Index (DXY) Flirts With 102.00 As Global Weakness Fears Support Greenback
The US dollar is continuing its upward trajectory on Tuesday as investors continue to pour into the greenback amid weakness in the broader financial markets….
Chinese Yuan Slumps As PBoC Injects $16 Billion Into Financial System
The Chinese yuan weakened against several of its major currency counterparts to kick off the trading week as the People’s Bank of China (PBoC) pumped…
Chinese Yuan Weakens As PBoC Reduces Capital Inflows, Adds More Liquidity
The Chinese yuan is continuing its retreat against the US dollar to kick off the trading week, with Beijing attempting to rein in the currency’s…
USD/CNY Breaks Below 6.8 As Data Extends Yuan’s Winning Streak
The Chinese yuan continues its huge rally against the US dollar, driven primarily on economic data and confidence in the broader financial market. The yuan,…