Excerpt from: GFT News
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| December 30, 2008 | | Loonie the only currency to fall to the greenback in forex trading | The U.S. dollar is making gains against the Canadian dollar in currency trading on the FX market today. For the greenback in forex trading, this is a minor victory. The loonie is the only currency that the U.S. dollar is making a showing against on the FX market this morning.
The Canadian dollar is being hampered in currency trading by oil prices. After making some gains and moving back above $40 a barrel, oil prices have fallen again as traders decide that violence in the Middle East is not enough to support oil prices above the $40 a barrel mark.
Against other major currencies, though, the greenback is falling in forex trading.
| Topic Tags: Canadian dollar currency trading, currency trading, currency trading FX market, forex trading, FX market, greenback forex trading, oil prices, U.S. dollar | |
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