184583 Resource 119235 120646 120646 1190983974672 1190983974672 Controlled Forex Trading: Significance of Canadian Dollar Parity

Candian dollar parity in currency trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">This past week, a lot has been said about Canadian dollar parity with the U.S. dollar in currency trading. In forex trading, a currency reaches parity when it very nearly the same value as another currency. In the case of the Canadian dollar, this means that one CAD is roughly equal to one USD.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">This is significant because this hasn't happened in three decades. Indeed, the U.S. dollar is usually worth a good deal more than the Canadian dollar. And for a brief time, CAD was even ahead of USD on the FX market. </span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Canadian dollar move to parity in currency trading is a sign that the Canadian economy is doing well, able to support the loonie, while the U.S. economy is floundering, leading to a weak greenback.</span></font><br /> 9 application/xml false Canadian dollar currency trading Canadian dollar parity currency trading forex trading forex trading Canadian dollar FX market U.S. dollar currency trading USD FX market Learn about forex trading http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.1.7) Gecko/20070914 Firefox/2.0.0.7 127.0.0.1 127.0.0.1 mmarquit false true false false true 119235 blog blogsite/GFTForex/web