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Thread: USD/CAD

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#2 (permalink)

06-05-2005, 10:55 PM

profx10

Economist

Join Date: Apr 2005

Posts: 507

to start.....

June 5 2005, current price 1.2472,

trade, short @ 1.2490, looking to test 1.2152,

reasons, the Canadian economy is strong, it has no worries, inflation is under control and the political mess is out of the spotlight, (plus the house rests for the summer in a month). The weak economic numbers from the US will benifit the Loonie, however last week the BOC decided that it wont increase rates till the fall, this will leave traders minds in the next few days, and traders will then compair the Canadian economy to the US, and as of right now, the Canadian economy is expanding at a greater rate.

Negative Factors, - Loonie, NONE

Greenback - slowing economy, consumer debt, trade balance, flat yield curve.

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