Excerpt from: Forex Forecast
|
 |
| December 31, 2007 | | Loonie likely to remain rangebound in currency trading | The Canadian dollar forex trading forecast calls for the currency to stay relatively put for now. The U.S. economy, which influences the loonie to some extent in currency trading, is forcing many to avoid making serious bids on the Canadian dollar. As a result, the loonie is hovering near parity with the U.S. dollar in forex trading. Reuters reports on the Canadian dollar forex trading forecast: "I think we will remain in this familiar range because of the low liquidity environment," said Matthew Strauss, senior currency strategist at RBC Capital Markets. "And it's unlikely in this environment that any investor or short-term players will take a directional bid on the currency."
| Topic Tags: Canadian dollar forex trading, currency trading, forex trading, forex trading forecast, loonie currency trading, parity U.S. dollar, U.S. dollar forex trading | |
|
|
