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| US Dollar vs Euro, Pound, Canadian Dollar - Friday, June 11, 2010 |
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| The euro fell against the U.S. dollar in early trading, but is expected rise on the view that Chinese economic data will provide a tailwind for both European and U.S. share markets. In addition, investors are increasingly looking to buy euros because more positive news is coming out of Europe, despite its largely unresolved sovereign debt issues.
In morning trading, the euro was at $1.2115 against the dollar.
The U.K. pound declined after hitting a 9-day high of $1.4761 against the dollar as investors wait for key producer price data for May and industrial production report for April, which are due in the afternoon, EST.
At present, the pound is quoted at $1.4697 against the dollar.
The Canadian dollar rose slightly against its U.S. counterpart as the global economy appeared to be on the mend and Canada's economic fundamentals look to be the strongest in the G7.
The loonie opened at $.9709, up 0.12 of a cent from Thursday's close. |
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| US Dollar vs Euro, Pound, Canadian Dollar - Thursday, June 10, 2010 |
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| The euro rose vs the U.S. dollar as strong demand at a Spanish bond auction eased concerns about how Spain will fund its large debt, while investors awaited a European Central Bank news conference.
In morning trading, the euro was up roughly half a percent on the day against the dollar at $1.2040
The U.K. pound rose 0.7 percent against the dollar to $1.4626, as the Bank of England kept its main interest rate at 0.5 percent, matching a unanimous forecast by economists in a Bloomberg survey..
The Canadian dollar rose .36 percent to $.970011 against the U.S dollar on analysts projections of a strongly recovering Canadian economy. |
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| US Dollar vs Euro, Pound, Canadian Dollar - Wednesday, June 9, 2010 |
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| The euro is trading higher against the U.S. dollar as European countries move ahead with a bailout fund for the 16-nation eurozone. On Tuesday the EU picked a German official to lead a new euro440 billion bailout fund for the eurozone, which is scheduled to become active later this month. The fund will borrow from markets to provide financial rescue to any indebted eurozone nation that can't make debt repayments.
The euro was valued at $1.1965 in morning European trading, up from $1.1925 late in New York the night before.
The U.K. pound pared losses against the dollar after official data showed that while Britain posted a larger than expected trade deficit in April, the previous month's deficit was narrower than earlier thought.
The British pound is up to $1.4420, from $1.4382 in New York.
The Canadian dollar gained ground against the U.S. dollar for a second day amid speculation Europe’s sovereign-debt crisis is spurring investors away from higher-yielding assets and toward those of nations with strong balance sheets.
The loonie opened at $.9550, up 0.13 of a cent from Tuesday's close. |
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| US Dollar vs Euro, Pound, Canadian Dollar - Tuesday, June 8, 2010 |
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| The euro is up slightly against the U.S. dollar in light of new austerity measures announced by Germany, Europe's largest economy. Germany announced Euro80 billion in cuts Monday, saying it needed to set an example for other EU countries.
The euro traded at $1.1955 in European morning trading Tuesday, up from $1.1950 the night before in New York.
The British Pound lost ground overnight, pressured by comments from Fitch Ratings, who said that the U.K. is facing a fiscal challenge and needs to accelerate plans to reduce its budge deficit.
The British pound is down slightly to $1.4510 from $1.4520 the night before.
The Canadian dollar continued to make modest gains on rising crude oil futures, as well as from stronger U.S. stock indexes.
The loonie is at $9497. |
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| US Dollar vs Euro, Pound, Canadian Dollar - Monday, June 7, 2010 |
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| The euro stabilised in morning trading after hitting a four-year low against the U.S. dollar as a pick-up in global share prices from early losses prompted some investors to cover short euro positions.
European corporate demand helped to lift the euro after it fell to $1.1876, its weakest since March 2006, but gains were limited as a warning from Hungary last week about its fiscal woes reminded investors of the scale of debt problems in Europe.
The euro was at $1.1974, not far from the day's high of $1.1991.
British Prime Minister David Cameron on Monday laid the groundwork for future budget cuts, warning in a speech that government would have to pay 70 billion pounds ($101.1 billion) in interest on its debt by 2015, unless it takes action to lower borrowing.
The British pound was at $1.4491, a rise of nearly 0.2% versus the dollar.
The Canadian dollar rose for the first time in three days as U.S. stock-index futures increased and crude oil, Canada’s biggest export, pared losses, burnishing the appeal of growth-linked assets.
The Canadian dollar opened at $9435 cents, up 0.07 of a cent from Friday's close. |
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| CMMB Market Watch week ended 4th June, 2010 |
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EASTERN CARIBBEAN
On the ECSE shares of Bank of Nevis, Cable & Wireless St. Kitts & Nevis and ECFH traded. Bank of Nevis was the volume leader with nearly 20,000 shares traded, representing 80% of the weekly volume. All three shares traded held firm on price.
In other news, the Eastern Caribbean Home Mortgage Bank comes to market on June 29th and 30th with up to EC$50 million in 2 year tax-free bonds offering a rate of 6.00% per annum.
And in news from the spice isle, the Grenadian public participated in an Additional Public Offer, taking advantage of an opportunity to own a stake in the country’s foremost indigenous Commercial Bank. The Grenada Co-operative Bank Ltd. made 2 million common shares available to the Grenadian public at a price of $7.00 per share last week.
TRINIDAD
Over in Trinidad, all three market indices declined following a 61% reduction in the number of share units traded from last week. Of the 18 shares traded, 2 advanced, 4 declined while 12 traded firm. National Flour Mills led the way with over 24% of the shares traded, holding firm at $1 per share. GraceKennedy was the biggest loser of the week closing down 14.9% to end the week at $4.00.
JAMAICA
On the Jamaica Stock Exchange market indices advanced. The advance decline ratio was 15 to 10 with 2 shares holding firm. Over 16 million units of stock traded valued at nearly J$270 million. Scotia Group Jamaica emerged volume leader with 18.50%. Salada Foods Limited and Jamaica Producers Limited tied for lead advancer of the week, both gaining 9.89% to close the week at $11 and $22 respectively.
INTERNATIONAL
Internationally, U.S. stocks sank, with the S&P 500 Index falling to its lowest level in 4 months. Crude oil also tumbled the most in 4 months, both after a government report showed that slower than estimated jobs growth spurred concern the economic recovery may not be as robust as forecast.
And finally in currencies news, the Euro tumbled below $1.20 for the first time in more than 4 years, as speculation the widening European sovereign-debt crisis helped push investors to the safest currencies. |
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| US Dollar vs Euro, Pound, Canadian Dollar - Friday, June 4, 2010 |
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| The European single currency slipped to a four-year low versus the U.S. dollar, going beneath the previous low of $1.2110 set earlier this week. Traders reacted to a report forecast to show U.S. payrolls grew the most since 1983, indicating the recovery in the world’s largest economy is gaining traction
The euro is trading at $1.2054.
The U.K. pound rallied on reports that British insurer Prudential Plc had failed in their protracted $35.5 billion acquisition of AIG Inc’s Asian division, as the company will no longer be selling pounds to fund the purchase.
The pound is current worth $1.4670.
The Canadian dollar slid for a second day against the U.S. dollar, as concern Europe’s sovereign-debt crisis will worsen overshadowed stronger-than-forecast employment data.
The loonie is currently at $.9528. |
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| US Dollar vs Euro, Pound, Canadian Dollar - Thursday, June 3, 2010 |
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| The euro fell against the U.S. dollar, nearly hitting four-year lows, as upbeat U.S. economic reports lifted hopes for Friday's May employment report, while euro-zone data slightly missed expectations.
The euro traded at $1.218 versus the dollar compared with $1.2209 in North American trade late Wednesday. Earlier this week, the euro dropped to its lowest level in more than four years at $1.211.
The U.K. pound slipped against the dollar, erasing earlier gains after economists at Standard & Poor's warned that the U.K.'s recovery is likely to lag behind that of France and Germany this year.
GBP/USD hit $1.4645 during European afternoon trade, shedding 0.05%, after falling from a daily high of $1.4743.
Canada’s dollar fell against its U.S. counterpart, erasing an earlier gain, as stocks swung between gains and losses amid concern Europe’s sovereign-debt crisis will worsen, making currencies tied to growth less attractive.
The loonie is trading at $.9635. |
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