Thursday, November 12, 2009

UniCredit expects further strengthening of the Canadian dollar

According to currency analysts UniCredit, while risky assets will be in demand, the likelihood of further reduction of a pair of dollar / Canada will continue. The bank noted that the recent decline in dollar / Canada has been significant, however, in the current environment, as only a couple make a confident break of support level at 1.04, the focus will once again be region 1.03 - 1.02. At the moment pair dollar / Canada is trading at around 1.0505.

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