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Thread: USD/CAD

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#14 (permalink)

06-09-2005, 11:28 PM

profx10

Economist

Join Date: Apr 2005

Posts: 507

I dont think going long is the way to go,

the US numbers have been poor, the USD/CAD has lost some ground due to EUR/USD selling. The Canadian numbers are good, plus if the US raises rates it leaves BOC raising them as well. Can not see a speard of more than .5%. A BOC rate hike will carry more weight with the Loonie than the Greenback. The last run was a spike only, it will retract in the next few days.

....however if 1.2750 is broken, I will then go long

gl

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