Europe, USA and Asia

Forex: Why has the Canadian dollar been weakening for weeks?

The Canadian dollar, the loonie, has lost luster in recent weeks as analysts have scaled back their near-term forecasts. The reasons for this are the ailing Chinese economy and rising interest rate differentials between the USA and Canada. China’s economic growth is slowing as policymakers try to address the property market downturn. Canada is a…

Stock market outlook: German industrial orders surprisingly down in July

German industrial orders fell surprisingly sharply in July, posting an 11.7% month-on-month decline, according to the Federal Statistical Office. Analysts had expected a decline of 4.0%. The decrease was mainly attributed to the previous month’s increase in the aerospace sector. New orders in June were up unexpectedly, indicating the volatile nature of the order situation.…