Wednesday, March 17, 2010

RBS prefer to buy Canadian Dollar

As the currency analysts RBS, solutions FOMC Fed and the Bank of Japan supported the appetite for risk, which in turn promoted the growth of commodity currencies, particularly the Australian dollar, Norwegian krone and Canadian dollar against the U.S. and Japanese currencies. Yesterday's comments Finance Minister of Canada about the relatively good condition of the state budget support the view that the Canadian dollar has all the advantages for further growth until the market's attention is focused on sovereign risk, especially among the "Big Four". As a trading strategy at the bank prefer to buy the Canadian dollar against the U.S. dollar and Japanese yen. At the moment pair dollar / Canada is at the level of 1.0123, Canada / yen is trading at around 89.44.

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