Wednesday, March 17, 2010

Barclays Capital predicts further growth in the Canadian currency against the dollar

As the currency analysts Barclays Capital, break below 1.0225/05 area in the pair dollar / Canada is an encouraging sign. Now, the bank expects a further reduction to the level of a pair of 1.0025, and then to 0.98 later in this year. Strategists Bank added that the catalyst for further growth of the Canadian currency may be a break below 0.9240 in bet Aoussa / Canada (now at 0.9333) and below 1.39 in a pair of Euro / Canada (now at 1.3903). At the moment pair dollar / Canada is at around 1.0110.

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