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JPY Daily News
Loonie Moves Up vs. USD amid Risk Taking
Wednesday, 11 Jan 2012
The Canadian dollar saw some fairly substantial gains against its American counterpart in trading on Tuesday. The loonie was bolstered following meetings between euro-zone leaders which led to risk taking among investors. The CAD, which is largely linked to commodity and equity prices, tends to move up following positive euro-zone news.
Whether the CAD will be able to maintain its gains today is still unknown. The euro-zone situation is still extremely fragile. Any news that creates doubt in the European economic recovery could cause the loonie to reverse course. Furthermore, should the euro-zone crisis worsen, the CAD is likely to turn bearish extremely quickly.
Current Time: 05/26 22:32 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 01/11 | ||||||||
| 05:00 | JPY |  Leading Indicators | 92.0% | 92.9% | 92.9% |  | ||
| 23:50 | JPY | Bank Lending | y/y | 0.2% | - | - | | |
| 23:50 | JPY | Current Account | 0.52T | 0.44T | - | | ||
