Excerpt from: GFT Analysts in the News
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| August 21, 2007 | | Loonie remains weak in currency trading | The Canadian dollar is remaining low in forex trading on the currency market as the credit squeeze from the financial market threatens interest rates. Instead of hoping that the Bank of Canada will raise rates at the upcoming Sept. 5 meeting, now futures investors are wondering if they will be lucky to keep them the same. Bloomberg reports on the Canadian dollar on the FX market:
``People are already talking about rate cuts because of the
credit squeeze in financial markets,'' said Shaun Osborne, chief
currency strategist in Toronto at TD Securities, before the
release of the report. | Topic Tags: Bank of Canada raise rates, Canadian dollar forex trading, Canadian dollar FX market, credit squeeze financial market, currency market, forex trading, loonie currency trading | |
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