USD/CAD 17 January 2011
Trend. USD/CAD declined for the 4 week, with the strengt
of commodities. Oil price in New York advanced by 4.0% to
$91.54/barrel, and boosted up the export demand of Canad
Also, U.S. major company earning reports confirm the
momentum of global economic recovery, and boosted the
sentiment of CAD.
Technical. USD/CAD breaks below 0.99, and it now may
expose to its 3-year low 0.9712 (low price since Feb 2008).
Trend. USD/CAD declined for the 4 week, with the strengt
of commodities. Oil price in New York advanced by 4.0% to
$91.54/barrel, and boosted up the export demand of Canad
Also, U.S. major company earning reports confirm the
momentum of global economic recovery, and boosted the
sentiment of CAD.
Technical. USD/CAD breaks below 0.99, and it now may
expose to its 3-year low 0.9712 (low price since Feb 2008).