Canada: Building Permits fell 11.2% MoM in December

Canadian building permits contracted 11.2% on a monthly basis during December vs. expectations at +5.0% and previous contraction of 14.5%.

Feb 7, 2013

Forex: USD/CHF booms as Draghi says no further easing

USD/CHF has continued it climb from its morning low at 0.9064 and soared high following the ECB decision to hold rates and the subsequent press conference from President Draghi.

Forex: EUR/USD collapses to 1.3450, 1-week lows

The EUR/USD has fallen around 100 pips since the Draghi's speech from 1.3570 to reach the lowest level since January 29 at 1.3450 where the pair has found some support. Currently the pair is trading at 1.3455, 0.50% below opening price action.