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Thread: USD/CAD

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#4 (permalink)

06-06-2005, 01:41 PM

TraderJon

Registered User

Join Date: Jun 2005

Posts: 4

oil

In addition to the reasons mentioned, as oil prices continue to rise, shorting the USD will continue to be a profitable venture. The CAD is the biggest beneficiary when oil prices rise because they are the largest exporter to the US and trail only Saudi Arabia in reserves held. One thing to watch out for though is if OPEC does in fact increase production of oil.

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