Attempts to increase the dollar-Canada continue to attract fresh interest in the sale, which is now visible around C $ 1.0755/65 and around C $ 1.0780/85, and under pressure now bids were around C $ 1.0730, below which breakthrough will check again on the strength of support in the area figure. Dealers say that would not preclude such a development and testing bid around C $ 1.0670, given the continuing purchase of Canadian currency against the yen, but in general the Council of loonie bulls to be cautious. Weakening U.S. currency is somewhat offset by the effect of falling oil prices, however, they said, should not underestimate the possible consequences of weakening bullish mood on the commodity market, and investors' heightened concern about the prospects for economic recovery is a negative factor for the Canadian currency. Dealers fear that as soon as active buyers of the Canadian dollar could decline, and are reminded that this Friday will be published quarterly report on business prospects, which will be of interest to market participants. They also report that today's low was marked by good demand for the dollar / Canada from corporate accounts and the players option market.
No comments:
Post a Comment