Canadian dollar
Briefs 17.5.10
Read this week's Briefs section to catch up on technology news.
Gain Capital: outer eurozone will drag euro down
Gain Capital topped the three-month currency forecast rankings with a bearish stance on the euro, having predicted the Greek debt crisis would spread to neighbouring economies.
Lloyds TSB: USD will win G-3 currency race
Lloyds TSB has topped the three-month currency forecast rankings this week by maintaining its dollar-bullish stance, according to Trevor Williams, chief economist at the bank in London.
Bank of Canada salutes CLS
TORONTO - Bank of Canada became the latest monetary authority to publicly champion the success of industry utility CLS in ensuring the smooth operation of the foreign exchange market during the financial crisis.
Saxo preps for slowing global growth
Saxo Bank has topped this week's three-month currency forecast and the 12-month year-to-date index by focusing on scenario analysis.
Loonie tunes into US dollar parity
The Canadian dollar breached parity with the US dollar for the first time in almost two years last Tuesday (March 6), and traders said the Canadian currency is set to test new highs for the year.
Forex volumes surge in Q1
Both CME Group and Icap's EBS saw foreign exchange volumes reach pre-crisis levels during the first three months of the year
Wells Fargo boosted by US recovery
Wells Fargo has topped the three-month year-to-date index this week with a consistent dollar-bullish approach. Nick Bennenbroek, head of currency strategy at Wells Fargo in New York, attributed its forecast to economic factors and market positions.
Scotia scoops the 12-month forecast again
Scotia tops 12-month poll for second week running
Currency managers up in 2009
Research findings
Wells Fargo: Watch USD triumph in 2010
Wells Fargo tops three-month currency forecast index
London swings for Canadian dollar but not Swiss franc
The Bank of Montreal (BMo) has burst into the top spot for the Canadian dollar this year, having occupied second place since FX Week introduced the category in 2004. Royal Bank of Canada, which has won the award for the previous five years, came fourth…
Bank of Canada: no intervention without strong policy
OTTAWA - Mark Carney, governor of the Bank of Canada, has told the country's House of Commons that the Canadian dollar's high exchange rate against the US dollar is depressing prices and economic activity.
Finding the balance
Pete Luxton, global economic advisor at Informa Global Markets in London, assesses whether purchasing power parity can provide a guide to relative currency values, and applies the PPP technique to predict where the G-10 currencies are headed