Wednesday, September 22, 2010

CAD is lagging the rest of the currencies against the USD

Source: Yahoo Finance
As you can see from the chart, the CAD came off its best levels of the day after the retail sales report. It continued to decline as the price of oil also went into negative territory. This should be a temporary situation, eventually the CAD will catch up with the rest of the currencies.

Read the wrap up on the CAD by Reuters here.

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