Market Outlook 11/01/2012
Currencies USD/CAD Canada’s currency little changed at 99.94 cents per U.S. dollar at 5 p.m. in Toronto after reaching C$1.0014 earlier. It touched C$1.0019 yesterday, the weakest since Aug. 6. One Canadian dollar purchases $1.0006.
GBP/USD The pound rose 0.3 percent to $1.6113 at 4:22 p.m. London time after appreciating 0.3 percent yesterday, gaining 0.2 percent to 80.45 pence after dropping 0.5 percent over the previous three days. Barclays predicts that sterling will strengthen to $1.65 by year-end
USD/JPY The Japanese currency slid 0.3 percent to 80 per dollar. The 17- nation euro was little changed at $1.2964. The BOJ increased its asset-purchase program on Oct. 30 by 11 trillion yen ($137 billion) to 66 trillion yen to bolster growth through lower borrowing costs.
Currencies USD/CAD Canada’s currency little changed at 99.94 cents per U.S. dollar at 5 p.m. in Toronto after reaching C$1.0014 earlier. It touched C$1.0019 yesterday, the weakest since Aug. 6. One Canadian dollar purchases $1.0006.
GBP/USD The pound rose 0.3 percent to $1.6113 at 4:22 p.m. London time after appreciating 0.3 percent yesterday, gaining 0.2 percent to 80.45 pence after dropping 0.5 percent over the previous three days. Barclays predicts that sterling will strengthen to $1.65 by year-end
USD/JPY The Japanese currency slid 0.3 percent to 80 per dollar. The 17- nation euro was little changed at $1.2964. The BOJ increased its asset-purchase program on Oct. 30 by 11 trillion yen ($137 billion) to 66 trillion yen to bolster growth through lower borrowing costs.