How do you think USD\CAD? It is starting rising again. I guess the market is pricing in the rate cut from BOC. However, FED will cut the rate too at the end of month.
-qkang98(姜太公钓鱼);
2008-10-20{108}(#54117@43)
If we are talking about the future interest hiking, i do think BOC will follow FED. I may start selling USD.
I am OK as well but need to lock the profit
-qkang98(姜太公钓鱼);
2008-10-20(#54119@43)
I guess this is another reason CAD drops again. CAD Wholesale Sales (MoM) (AUG) Actual -1.5% vs Forecase -0.9%
-qkang98(姜太公钓鱼);
2008-10-20(#54126@43)
Canadian Dollar: BoC Expected to Cut 50bp - Can the Loonie Hold Its Ground?
-qkang98(姜太公钓鱼);
2008-10-20(#54130@43)
How low can CAD drop? Below 0.80? But OPEC will have oil cut on Friday too.
-changfa(wavefighter);
2008-10-20(#54133@43)
I do not know. My personal opnion is today's drop is caused by speculation on BOC interest 0.50 cut and drop of wholesales. If tomorrow the interest cut does not happen or only 0.25 cut, the CAD should rebounce.
-qkang98(姜太公钓鱼);
2008-10-20{68}(#54138@43)
In long run, CAD will depend on the performance of Canadian economy.