211874 Resource 119244 120646 120646 1219841009049 1219841009049 Controlled Canadian Dollar Gains in Forex Trading

Higher oil, declining dollar boost loonie in currency trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The Canadian dollar is on the rise in forex trading on the currency market today. One of the main helps is a rise in <a href="http://money.cnn.com/2008/08/27/markets/oil_prices/index.htm" target="_blank" title="Canadian dollar forex trading, forex trading, loonie currency trading, currency trading, forex trading currency market, U.S. dollar, oil prices">oil prices</a> -- Canada's main export -- as Gustav threatens offshore refineries. </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;">Weakness from the U.S. dollar is also boosting the loonie in currency trading. <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aQOMrBLSvnJA&refer=currency" target="_blank" title="Canadian dollar forex trading, forex trading, loonie currency trading, currency trading, forex trading currency market, U.S. dollar, oil prices">Bloomberg reports on the Canadian dollar in forex trading</a>:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-style: italic; font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px; font-style: italic; font-family: verdana,arial,helvetica,sans-serif;"><font size="2">``This is more just a big dollar sell-off,'' said <a onmouseover="function onmouseover(event) { return escape(popwSearchNews(this)); }" href="http://search.bloomberg.com/search?q=Jonathan%0AGencher&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Jonathan Gencher</a>, director of currency sales in Toronto at BMO Capital Markets. ``Canada is just being tagged along.''<br /></font></div><font size="2"><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Many forex analysts expect the loonie to fall in currency trading by the end of next year.</span></font><br /><div style="font-style: italic;"><br /></div> 9 application/xml false Canadian dollar forex trading currency trading forex trading forex trading currency market loonie currency trading oil prices U.S. dollar Forex trading on the currency market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X; en-US; rv:1.8.1.16) Gecko/20080702 Firefox/2.0.0.16 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 119244 blog blogsite/GFTForex/web