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Excerpt from:  Foreign Exchange Rates
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May 15, 2008

Canadian Dollar Hovers Near Parity with US Dollar in Forex Trading

Loonie in currency trading
The Canadian dollar is continuing its status of near parity with the US dollar in forex trading. The two are trading very closely now, and changes in oil prices are affecting the currency pair.

Indeed, because the loonie relies heavily on oil prices in currency trading, the volatility in that area is making traders wary of the USD/CAD currency pair.
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PermalinkCanadian Dollar in Forex Trading
.Currency trading on the FX market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  Canadian dollar forex trading, currency pair, currency trading, forex trading, loonie currency trading, oil prices, USD/CAD, US dollar forex trading
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