218155 Resource 119241 120646 120646 1226671039728 1226671163857 Controlled Canadian Dollar Struggles in Currency Trading

Loonie in forex trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The <a title="Canadian dollar, currency trading, FX market, forex trading, loonie forex trading, U.S. dollar, recession, oil prices, greenback" target="_blank" href="http://www.bloomberg.com/apps/news?pid=20601083&sid=a3AvjWYP_VaI&refer=currency">Canadian dollar continues to drop in currency trading</a> on the FX market. Just a year ago, as the effects of the subprime lending crash became really apparent, the loonie was in the area of parity with the U.S. dollar. Indeed, the Canadian dollar spent a great deal of time in the neighborhood of parity with the greenback.</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;">Now, however, that seems to be a thing of the past. Commodities were on the rise then, and now they are falling. Oil prices are especially important to Canada, since the country exports so much of it. With oil prices falling, there is little to support the loonie in forex trading.</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;">And, with the prospect of global recession, it appears that there will be little in the near future to help support the Canadian dollar in currency trading. As a result, it is likely to continue to struggle on the FX market.</span></font><br /> 9 application/xml false Canadian dollar currency trading forex trading FX market greenback loonie forex trading oil prices recession U.S. dollar Forex trading on the currency market http://www.gftforex.com/land/index.asp?aid=446 <script type='text/javascript'>reddit_url='http://forex.gftforex.com/public/item/218155'</script> <script type='text/javascript'>reddit_title='Canadian Dollar Struggles in Currency Trading'</script> <script type="text/javascript" src="http://www.reddit.com/button.js?t=2"></script> <script type="text/javascript" src="http://tipd.com/evbs.js"></script> <script type="text/javascript"> evb_url = 'http://forex.gftforex.com/public/item/218155'; evb_big(evb_url); </script> Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119241 blog blogsite/GFTForex/web