Excerpt from:  GFT News
.
December 30, 2008

U.S. Dollar Gains Against the Canadian Dollar in Currency Trading

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.

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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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