Tuesday, November 6, 2012

Canadian Dollar is heading lower, Respons The Oil Prices, Eurozone and US Presidential Election

Forex news from Ontario we reporting, the loonie Canadian dollar is heading lower today as uncertainty prompts risk aversion in the Forex market. Forex traders are concerned right now about risk, thanks to all of the uncertainty about the global economy, oil prices, the eurozone, and the outcome of the US Presidential Election

From Brazilia economic news we reporting, The Brazilian real fell today as analysts revised down their outlook for Brazilian borrowing costs, even though forecasts for economic growth and consumer inflation remained steady. Some indicators, including industrial output, were bad enough to warrant lower interest rates

Greek debt crisis update, Once again Greece is the focus of every Forex trader, and uncertainty is dragging the euro down as a result. Meanwhile, the uncertainty regarding the US election is also dragging on high beta currencies like the euro

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