Posts Tagged ‘Canadian Dollar’

The Loonie hit the Dollar

April 21st, 2010

Today we have a day with little activity at the macro agenda. Therefore, we must be attentive to the quarterly results Boeing Co., McDonalds Corp., Wells Fargo and Morgan Stanley in the U.S.. Yesterday, Apple has shaken the market, following news that its earnings dropped figures surpassed the expectations of the investors. Among other things, finally picked up after oil reduce the oversupply that existed in the market, after European flights resume after several days of inactivity caused by the effects of volcanic ash cloud. It is important to note that 75% of the operational aircraft of the old continent had been affected.

So far, we have reported the minutes of the last meeting of the Bank of England (BoE). According to the report, the decision to keep interest rates at 0.50% was unanimous, but noted that they need a fiscal control “adjusted” to control inflation levels. For its part, the BoE said that the Eurozone recovery remains fragile and that the depreciation of the pound over stimulus plans offset the weakening economy. Similarly, the ILO unemployment rate in the UK recorded a further increase in February, to settle at 8.0%. However, the pound advanced against the dollar, after news that the Initial jobless fell three times faster than expected in the previous month. » Read more: The Loonie hit the Dollar