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Excerpt from:  Forex Analysis
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August 19, 2008

Forex Trading Strategy: Canadian Dollar

Economic data does little for loonie in currency trading
Despite a rapidly rising rate of wholesale sales, forex trading strategy should consider that the Canadian dollar is slowing down a bit. After a rather meteoric rise last year, the pace of the loonie's growth  in currency trading has diminished.

However, the Canadian dollar is still within striking distance of parity with the US dollar in FX trading. The loonie is likely to struggle, though, with oil prices falling and the US economy making an attempt at recovery.
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PermalinkForex Trading with the Canadian Dollar
.Currency trading on the FX market
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Topic Tags:  currency trading, forex trading, forex trading Canadian dollar, forex trading strategy, FX trading, loonie currency trading, US dollar FX trading
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