Wednesday, April 22, 2009

Barclays Capital predicts a good opportunity to buy the Canadian dollar

Barclays Capital of the view that the Bank of Canada may announce more aggressive measures in the report on monetary policy than expected by most market participants. Nevertheless, a bank note with interest that, when on Tuesday the Bank of Canada lowered rates and introduced a much more pessimistic outlook than expected, Canadian Dollar, as usual, trading in line with the level of acceptable risk, and commodity prices. According to analysts Barclays Capital, it may mean that the sale of the Canadian dollar, as a reaction to tomorrow's announcement of the quantitative easing will be a good opportunity to purchase those who believe that the use of strategies to evade the risk of gradually goes down and that economic conditions and situation in the asset markets gradually improve.

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