The euro and dollar reached session highs against the Swiss franc Thursday as optimism over preventing a Greece debt default caused traders to sell off the safe-haven currency.
The euro and dollar have traded near record-lows versus the franc during the latest leg of the euro zone debt crisis. But the
Out of the major currencies, the Swiss Franc has the most to lose in any resolution of the Greek sovereign debt problem, even one that is a short term one, that kicks the can down the road to September. It was reported earlier today that German banks would participate in
The euro and dollar reached session highs against the Swiss franc Thursday as optimism over preventing a Greece debt default caused traders to sell off the safe-haven currency.
The euro and dollar have traded near record-lows versus the franc during the latest leg of the euro zone debt crisis. But the
Canadian real GDP was flat in April, following a 0.3% increase in March. Activity in both the goods producing and service sector was flat in the month.
Much of the weakness in April can be explained by supply disruptions caused by the Japanese earthquake. Manufacturing fell 0.7%, led by a 6.9%
Canadian real GDP was flat in April, following a 0.3% increase in March. Activity in both the goods producing and service sector was flat in the month.
Much of the weakness in April can be explained by supply disruptions caused by the Japanese earthquake. Manufacturing fell 0.7%, led by a 6.9%
Initial unemployment insurance claims slipped 1,000 to 428,000 for the week ending June 25, 2011, thereby retracing little of the previous week’s disappointing 9,000 rise to an unrevised 429,000 level. The level of claims came in above market expectations for a 420,000 reading. The four-week moving average of initial claims,
Canadian economic growth stalled in April 2011 with real GDP unchanged from March’s level. This was a slightly better result than the market expected with a 0.1% decline forecasted. A steep decline in manufacturing output and wholesale trade limited activity in the month.
The fact that a meteoric plunge towards default has been staved off for three more months has equally encouraged some optimism that the world’s leading economy might soon pick-up. At the least, say optimists, the positive turn for the fate of Greece is one less reason to be bearish on
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