218525 Resource 119244 120646 120646 1227102930876 1227102930876 Controlled Canadian Currency Continues Its Retreat in FX Trading

Loonie down in currency trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=ar23UOl8U8cc&refer=currency" target="_blank" title="Canadian currency, currency FX trading, FX trading, economy, oil prices, loonie currency trading, currency trading, economy">Canadian currency continues to fall in FX trading</a> as oil prices hurt the economy. The loonie relies on oil prices to support it in currency trading, and the support just isn't there. Export revenue is falling, and equity declines around the world aren't helping the risk appetite situation.</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;">A year ago, the loonie was enjoying near-parity with the U.S. dollar, and even managed to gain the upper hand on some days. Now, however, the Canadian currency has declined quite a bit in FX trading, and is once again nowhere near parity.</span></font><br /> 9 application/xml false Canadian currency currency FX trading currency trading economy FX trading loonie currency trading oil prices World currency opportunities in forex trading http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119244 blog blogsite/GFTForex/web