Forex Trading with the Canadian Dollar

213873 Resource 119241 120646 120646 1223298813097 1223298813097 Controlled Forex Trading Forecast: Canadian Dollar

Loonie set for a decline against the U.S. dollar in currency trading

The forex trading forecast is looking down for the Canadian dollar as oil prices slip in commodities trading. The loonie is expected to fall to the U.S. dollar in currency trading as a global economic slowdown restricts demand for commodities around the world. As a commodity currency, this loss of support by the commodities market will force the loonie lower in currency trading. <a title="forex trading Canadian dollar, forex trading forecast, loonie currency trading, U.S. dollar currency trading, commodity currencies, currecies, global economic slowdown" target="_blank" id="avx4" href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aT..jAY.d0FE&refer=currency" style="font-family: verdana,arial,helvetica,sans-serif;">Bloomberg reports on the forex trading forecast for the Canadian dollar</a>: Canada relies on commodities for about half its export revenue. Crude accounts for 21 percent of the weighting in the Bank of Canada Commodity Price <a href="http://www.bloomberg.com/apps/quote?ticker=BCCITOTL%3AIND">Index</a>, the largest single component. The loonie, as Canada's currency is known because of the aquatic bird on the one-dollar coin, will slip to C$1.13 against the U.S. dollar by the end of 2009, according to the median forecast in a Bloomberg News survey of economists. 9 application/xml false commodity currencies currencies forex trading Canadian dollar forex trading forecast global economic slowdown loonie currency trading U.S. dollar currency trading Forex Trading with the Canadian Dollar Trading World Currencies on the FX Market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.3) Gecko/2008092414 Firefox/3.0.3 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119241 blog blogsite/GFTForex/web