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Gauging the Bounce in Appetite
Forex markets have yet to buy into the rally in US equities.
Following yesterdays BOC comment regarding any farther strength on the CAD will be negative for the economical growth,
Ashraf at what level aginst the USD do you see the central bank will intervene to steam the appreciation of Canadian dollar?
THANKS
Ashraf
Could the strength in USD be due to investors now believing that, due to recent earnings, the US is going to be the first developed economy coming out of recession? in addition to other minor factors such as growing savings rate and shrinking trade defecit.
Thanks
I havent read the paper yet I had to go out last night, I will read it over the week end.
Did you miss the most aggressive rally in the CAD I ever seen. It is just breathtaking.
Are u there? Did you finish reading the paper yet?
As I said before, I don't 100% trust the paper. What do you think about it?
With the EUR breaking back overnight is your call for 1.3850 by month end affected ?. And, do you think that .82 is a pretty hard cap for the Aussie at present ?.
Many thanks,
aechon