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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
I'm in a bit of a bind here with USD/CAD. Long way too high in hopes that BoC would stem the rise by talking down CAD. Even though it was mentioned, it didn't seem to do a hell of a lot. Hedging seems tough as well, because EUR/CAD and GBP/CAD both seem oversold, and selling yen (buying CAD/JPY) doesn't seem great in the event stocks sell-off a bit. Any suggestions, and I don't expect miracles, I know this is like asking you to teach me how to swim after I've jumped in the ocean during a hurricane. Thanks a bunch.