Forex Top movers: USD on the offensive; USD/CAD at 6-year highs
20 January 2015, 23:05
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The US dollar is gaining ground on Tuesday as investors are betting on safer assets such as the Greenback and the Gold. The USD is the top performer among majors, including a maximum of six years against its Canadian counterpart.
The Canadian Dollar is trading under pressure today as the Lonnie is being sold in correlation with falling oil prices and poor manufacturing shipments in November.
Investors are concerned about the IMF cut on global GDP forecast, China growth and the size in the ECB QE.
To the upside, top gainers are CHF/JPY, +1.54% to 135.54; USD/CAD, +1.31% to 1.2088; USD/JPY, +1.05% to 118.72. Top losers are CAD/CHF, -1.77% to 0.7241; USD/BRL, -1.39% to 2.6111; NZD/USD, -1.25% to 0.7684.
Gold is rising 1.19% so far today to current 1,292.15; WTI Oil is falling 2.26% to $46.79; Brent loses 1.20% to $48.19. Stocks are trading mixed on Tuesday with the Nasdaq being the only major average that is a break event. DJIA and S&P are posting declines in the day.
The Canadian Dollar is trading under pressure today as the Lonnie is being sold in correlation with falling oil prices and poor manufacturing shipments in November.
Investors are concerned about the IMF cut on global GDP forecast, China growth and the size in the ECB QE.
To the upside, top gainers are CHF/JPY, +1.54% to 135.54; USD/CAD, +1.31% to 1.2088; USD/JPY, +1.05% to 118.72. Top losers are CAD/CHF, -1.77% to 0.7241; USD/BRL, -1.39% to 2.6111; NZD/USD, -1.25% to 0.7684.
Gold is rising 1.19% so far today to current 1,292.15; WTI Oil is falling 2.26% to $46.79; Brent loses 1.20% to $48.19. Stocks are trading mixed on Tuesday with the Nasdaq being the only major average that is a break event. DJIA and S&P are posting declines in the day.
