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| US Dollar vs Euro, Pound, Canadian Dollar - Friday, July 9, 2010 |
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| The euro gained against the U.S. dollar after the European Central Bank held interest rates at 1% following the latest governing council meeting, and Chairman Jean-Claude Trichet adopted a generally optimistic tone in his press conference.
The euro is at $1.2675 in early European trading.
The U.K. pound was up against the dollar on increased global risk sentiment.
In early trading the pound is 0.284 percent higher at $1.5196.
The Canadian dollar appreciated against the U.S. dollar on a rise in new home prices, and a drop in U.S. jobless claims last week that was bigger than expected.
The loonie is currently at $.9579. |
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| Stock Market Wrap-up - Thursday, July 8, 2010 |
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| U.S. stock indexes rebounded from an early session dip as consumer staples and materials stocks surged late in the trading session.
- The Dow Jones Industrial Average closed up 102 points (1 percent).
- The S&P 500 Index advanced 8 points ( 0.7 percent).
- The Nasdaq rose 11 points (0.5 percent).
European stock indexes hit their highest point in more than a week as encouraging economic numbers soothed concerns about the global economic recovery.
- London’s FTSE 100 index ended up 90.63 points (1.8 percent).
- Frankfurt’s DAX index closed up 42.8 points (0.71 percent).
- Paris’ CAC-40 index ended up 54.81 points (1.57 percent). |
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| US Dollar vs Euro, Pound, Canadian Dollar - Thursday, July 8, 2010 |
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| The U.S. dollar slipped against the euro, as the investor appetite for risk was strengthened as global growth fears waned. Early Thursday the IMF revised up its world growth forecast after stronger-than-expected growth in the year's first half, and indicated that governments needed to shore up shaky public confidence in the strength of the recovery.
During European morning trade, the euro gained 0.17 percent against the dollar to hit $1.2655.
The U.K. pound was down against the dollar, as recent data which showed that house prices in the U.K. fell unexpectedly in May.
The pound shed 0.24 percent to hit $1.5156.
The Canadian dollar continued its rally against its U.S. counterpart for the second consecutive day on rising prices of global stocks and commodities, improving the appeal of growth-linked currencies such as the loonie.
In early trading, the loonie was at $.9574. |
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| Stock Market Wrap-up - Wednesday, July 7, 2010 |
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| Along with the Dow’s first back-to-back advance since mid-June, the major U.S. stock indexes all rose, mainly on bargain-hunting by investors taking advantage of stocks that had become cheaper after the recent losses.
- The Dow Industrial average rose 274.66 points (2.8 percent).
- The Standard & Poor's 500 index closed up 32.21 points (3.1 percent).
- The Nasdaq composite index was up 65.59 points (3.1 percent).
Major European stock markets closed slightly higher on speculation that soon-to-be released results of "stress tests" could show that European banks are in reasonable financial shape.
- London’s FTSE 100 index rose 49.82 points (1.0 percent).
- Frankfurt’s DAX added 51.88 points (0.87 percent).
- Paris’ CAC 40 gained 60.08 points (1.76 percent). |
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| US Dollar vs Euro, Pound, Canadian Dollar - Wednesday, July 7, 2010 |
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| The U.S. dollar advanced against the euro, as a slide in Asian stocks occurred on global economic concerns, prompting investors to seek the safe haven currencies. Most of the Asian regional stocks closed yesterday in negative territory, following a disappointing U.S. non-manufacturing composite report.
The euro is trading at $1.2582 against the U.S. dollar, compared to yesterday's near 7-week high of $1.2663.
The U.K. pound was down against the dollar after data showed that British shop prices increased in June at the slowest annual pace in three months.
The pound is trading at $1.5091, compared to yesterday's closing quote of $1.5153.
The Canadian dollar strengthened against its U.S. counterpart on the advancement of commodities, increasing the appeal of currencies tied to growth, such as the loonie.
In early trading, the loonie is at $0.9453. |
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| Stock Market Wrap-up - Tuesday, July 6, 2010 |
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| The Dow broke a 7-day losing streak, and all three major indexes were up narrowly. Selling in retail, transportation and select technology stocks was countered by strength in financial and energy shares.
- The Dow Jones industrial average added 57 points (0.6 percent).
- The Nasdaq composite gained 2 points (0.1 percent).
- The S&P 500 added 5 points (0.4 percent).
European shares bounced back, hitting their highest close in a week, helped by expectations that banks would pass the continent-wide strength tests.
- London’s FTSE 100 closed up 141.47 points (2.93 percent).
- Frankfurt’s DAX index ended up 124.78 points (2.15 percent).
- Paris’ CAC-40 index closed up 90.9 points (2.73 percent).
- Tokyo’s Nikkei closed the up 71.26 points (0.8 percent).
- Hong Kong’s ended up 1.2 percent. |
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| US Dollar vs Euro, Pound, Canadian Dollar - Tuesday, July 6, 2010 |
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| The euro was up against the U.S. dollar in early trading, as the global stock markets rallied and risk appetite sharpened.
In early Asian trading, the euro was at $1.2585, up from $1.2541 in late New York trade Monday.
Worries about growth prospects for the U.S. economy kept the dollar mostly under pressure in subdued trading against other major currencies, including the U.K. pound.
The pound reached $1.5190 from $1.5124.
The Canadian Dollar recovered from a near one-month low against the U.S. dollar on increased positive sentiment driven by an upbeat assessment of the global economy by the Reserve Bank of Australia, as well as receding sovereign debt fears in Europe.
In early trading, loonie is at $.9451. |
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| Stock Market Wrap-up - Monday, July 5, 2010 |
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| European shares fell to their lowest close in nearly six weeks, on a gloomier economic outlook and thin volumes as the U.S. stock market was closed for the Independence Day holiday.
- London’s FTSE 100 closed down 14.56 (0.30 percent).
- Frankfurt’s DAX index ended down 17.95 (0.31 percent).
- Paris’ CAC-40 index closed down 15.91 (0.48 percent).
In Asian trading, Tokyo’s Nikkei edged higher, closing up 63.07 points (0.69 percent).
Hong Kong’s Hang Seng Index closed down 63.12 points (0.32 percent). |
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| US Dollar vs Euro, Pound, Canadian Dollar - Monday, July 5, 2010 |
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| The dollar steadied in light holiday trading after dropping to a near two-month low against the euro after soft U.S. jobs data late last week. Traders were cautious of chasing the dollar lower given a U.S. market holiday on Monday in observance of Independence Day.
The euro slipped to $1.2529, from $1.2553.
After weak U.S. employment data came out last week, the U.K. pound reached an 8-week high, but shortly fell on news that its own Construction PMI came 0.2 points lower than expected.
The U.K. pound fell to $1.5137 from $1.5193 late Friday.
The U.S. dollar rose in early trading against its Canadian counterpart, as investors weighed opposing figures in the U.S. jobs sector -- the loss of jobs, but a decrease in unemployment rate.
The loonie is currently trading at $.9392. |
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| Stock Market Wrap-up - Friday, July 2, 2010 |
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| Major U.S. stock indices fell again, the Dow Jones Industrial’s seventh-straight losing session, its longest decline since an eight-day run that ended in October 2008. The decline came after the U.S. government's job report showed while the jobless rate edged down, it still remains high at 9.5 percent. Additionally, nonfarm payrolls fell by 125,000 last month, with only 83,000 private-sector jobs added, and factory orders declined in May, posting the largest drop in 14 months as transportation related orders tumbled.
- The Dow Jones Industrial Average dropped 46.05 points (0.47%).
- The Nasdaq Composite declined 9.57 points (0.46%).
- The Standard & Poor's 500 slipped 4.79 points (0.47%).
European shares traded higher, paring some sharp losses seen in yesterday’s session,
- The U.K. FTSE 100 index rose 0.6%.
- The German DAX index rose 0.7%.
- The French CAC-40 index advanced 0.8%. |
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| US Dollar vs Euro, Pound, Canadian Dollar - Friday, July 2, 2010 |
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| The euro has powered higher for the last several days versus the U.S. dollar, as investors were initially worried that local banks would have to borrow heavily from the European Central Bank (ECB) to meet their financing needs. However, less was borrowed than anticipated. Spain’s successful raising of 3.5 billion euros in five-year bonds also helped the euro-zone currency.
The euro is trading at $1.2500 versus the dollar, a full seven cents from a 4-year low of $1.1805 set a month ago.
The U.K. pound hit a two-month high against the dollar in early trading as the U.S. currency struggled on speculation that a weak reading of American employment later in the day would highlight weakness in the economy.
The pound climbed as high as $1.5199 in Asian trade, its strongest since early May.
The Canadian dollar appreciated to reach a 2-day high against the U.S. dollar on disappointing reported U.S. economic figures.
The loonie opened at $.9430, up 0.37 of a cent. |
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| Stock Market Wrap-up - Thursday, July 1, 2010 |
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| U.S. major stock indexes ended lower for the sixth consecutive session as jobs and housing reports came in below expectations, ahead of Friday's key payroll report. Data showed U.S. pending-home sales plunged 30% in May, the initial month after the homebuyer tax credit expired, and weekly jobless claims unexpectedly rose.
- The Dow Jones Industrial Average closed down 41.49 points (0.4%).
- The Nasdaq Composite fell 7.88 (0.37%).
- The Standard & Poor's 500 index slipped 3.34 (0.32%).
European stocks started the third quarter down, as well.
- France's CAC-40 index lost 3%.
- Germany's DAX fell 1.8%.
- The U.K.'s FTSE 100 index slid 2.3%. |
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| US Dollar vs Euro, Pound, Canadian Dollar - Thursday, July 1, 2010 |
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| The euro is down slightly against the U.S. dollar in early trading, slipping back from a rally the previous day, when the European Central Bank announced it was lending an amount to member banks that was smaller than expected.
The euro was trading at $1.2205 in morning European markets, down slightly from $1.2209 in late New York trading.
The U.K pound slumped in overnight trade versus the dollar, as the Asian markets dropped, thus boosting the safe-haven dollar against more risky currencies.
The pound is down to $1.4922, from $1.5081 in New York.
The Canadian dollar fell to a 3-week low against the U.S. dollar, as crude oil prices slumped amid fears of a slowdown in global economic growth curbing demand.
In early trading, the loonie was at $.0.9398.
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