Investing.com - Financial Markets Worldwide

NBC Daily Forex : September 13, 2013

ByThe National Bank of Canada
Published 09/15/2013, 04:26 AM
Updated 05/14/2017, 06:45 AM

The Teranet - National Bank National Composite House Price Index and the New Housing Price Index were both released in Canada yesterday. They saw month-to-month growth of 0.6% and 0.2% respectively in August. This bodes well for Canadian real estate, which had seemed to be losing steam somewhat since the beginning of the year.

U.S. Initial Jobless Claims were also announced yesterday morning and fell below 300K for the first time since 2006 at 292K, we would not be surprised if the Fed announced a tapering of its quantitative easing measures next week.

In a sign of the return of calm for emerging market currencies, the Indian rupee turned in its best week since November 2012, gaining more than 2%. The rise stemmed from an announcement made by Reserve Bank of India Governor Raghuram Rajan that he will increase the country's reserves by $10 billion.

A number of indicators will be announced in the United States this morning. At 8:30, Retail Sales and the Producer Price Index will both be announced. The University of Michigan's Consumer Sentiment Index will also be released at 9:55. Have a great weekend and a safe Friday the 13th! Philippe Shebib

Range of the day: 1.0290-1.0380
Currency

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.