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Farzan
(Oakville, Canada)
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Farzan
Toronto, Canada
Posted Anonymously
15 years ago
Mar 16, 2009 15:38
In Thread: Loonie's Falling Downside
Hi Ashraf,

Bought your book yesterday and just started reading it and just have a couple questions on the Canadian dollar. The job data which showed that Canada lost 82K job however the Canadian dollar didn't go down as expected; is it because of the strong correlation between the EUR/USD & USD/CAD?

In the near short term do you see that Canadian dollar go down to $1.24 and below area due to the two month cycle in the equities market?
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