Cheap WoW Gold The G-7, including Canada, agreed in a conference call on March 17 jointly intervene in the currency market for the first time since 2000 to stabilize the yen. Central banks intervene by buying or selling currencies to influence prices.
Most of May
The Canadian dollar strengthened to 4.3 percent against the yen yesterday, the biggest intraday jump since May, at 83.52 yen.
Loonie gained against the dollar yesterday before, crude oil, products of Canada's largest export, increased concern about the turmoil in Libya and the Middle East, disrupting supplies. Futures delivery in April rose to $ 103.66 a barrel in New York, the highest since March 10.
Crude reversed his lead, erasing a weekly gain, after the Libyan Foreign Minister Moussa Koussa said in a televised news conference, the North African nation is the end all military action and will begin discussions with the rebels. Security Council UN March 17 authorizing a military intervention to protect civilians in Libya, and President Barack Obama said yesterday Muammar Gaddafi to stop violence and repression against the Libyan people, or face a military response to an international coalition.
Crude futures ended the week unchanged at $ 101.07. The product has gained 11 percent this year.
Commodities Slip
Other products slid on speculation that the closure of companies in the earthquake damaged Japan reduced demand. The Reuters / Jefferies CRB Index of commodities fell 0.2 percent in the week. Raw materials account for about half of Canada's export revenue.
"The Canadian dollar is a commodity money," said Tim O'Sullivan, chief operator FOREX.com, a unit of currency exchange company in line for capital gains in Bedminster, New Jersey. "It will reflect fundamentals of oil and metals, and of course natural gas."Rift Gold
No comments:
Post a Comment