Monday, May 2, 2011
Knee-Jerk Reaction to the Death of OBL
As you can see from the chart, there was a knee-jerk reaction to the death of Osama Bin Laden at around the 11th hour of May 1st as evidence by the large green spikes on the chart. Unfortunately for the USD, it was down hill after midnight as the rally fizzled. Be on the lookout for a possible knee-jerk reaction in the CAD in response to tonight's federal election results for Canada.
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