Excerpt from: Forex Forecast
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| December 08, 2008 | | Loonies gains as U.S. dollar weakens | As the U.S. dollar weakens in currency trading on the FX market, the Canadian dollar gains ground. Indeed, the very factors that cause problems for the greenback are what are giving the Canadian dollar forex trading forecast a boost.
With oil prices rising, and with hope of economic stimulus on the way, the loonie is beginning to look attractive again in FX trading. It is still quite a ways from parity, but if the global recession ends early enough, and oil prices start well on their way to gaining again, there is a good chance that the Canadian dollar forex trading forecast could see parity again.
| Topic Tags: Canadian dollar forex trading, currency trading, forex trading, forex trading forecast, loonie FX trading, oil prices, U.S. dollar | |
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