The loonie and currency tradingWith Canadian dollar at parity with the U.S. dollar in forex trading, speculation remains as to how long it can last. Bank of Canada head David Dodge insists that the Canadian dollar has been rising too fast on the FX market. MarketWatch reports on the loonie in currency trading:
"The recent rapid appreciation has been abnormally quick and doesn’t seem to be related to the domestic factors which would normally have led to that sort of rapid appreciation. Our terms of trade have improved a little bit over the past three months but … not a lot that would give that much impetus to things," Dodge said in a question-and-answer session after delivering a speech to the Institute of International Finance in Washington.
See Also
Canadian Dollar on the FX MarketCurrency trading with GFT Forex
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