Excerpt from:  Forex Forecast
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June 29, 2009

Canadian Dollar Forex Trading Forecast

Loonie poised for monthly drop in currency trading

The Canadian dollar forex trading forecast calls for a monthly decline for the loonie in currency trading. The Canadian dollar has been struggling recently -- especially against the U.S. dollar.

Loonie has been vulnerable in currency trading due to concerns about commodities. With oil prices volatile and often lower, thanks to economic concerns, the Canadian dollar has been following suit.

For now, the Canadian dollar forex trading forecast calls for a slight decline against the U.S. dollar, achieved during trading that is mostly rangebound.

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Topic Tags:  Canadian dollar, currency trading, dollar forex forecast, forex trading, forex trading forecast, loonie currency trading, oil prices

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