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by Ashraf Laidi
Posted: Mar 2, 2009 16:34
Comments: 22
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This thread was started in response to the Article:

Loonie's Falling Downside

The Canadian currency faces deepening damage ahead.
 
 
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Hamish
vancouver, Canada
Posted Anonymously
15 years ago
Mar 4, 2009 0:46

Many thanks for your view on the SP500, I had no idea your forecast was so gloomy.
I have never really appreciated the SP impact on currencies as my recent trades will attest!!
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Mar 3, 2009 9:41
My answer to Hamish from HotChart.

AUD has a more positive correlation with S&P500 than the NOK. As for AUDNOK, the Aussie has had steady gains over the past 2 weeks reaching the highest since Jan 21. Ive always said i liked AUD and NOK and the Aussie has not disappointed. I now fiind more value in the NOK against USD than AUD. As for further declines in S&P00 such as 600 (which is my forecast for later this summer), this should again be punishing for both currencies against USD but not so negative for them against other commodity currencies and EUR and GBP.
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