Canadian dollar continues to recover today, with support from returning investor interest in risky assets and a corresponding pressure on the U.S. currency - as a result of pair dollar / Canada is now traded on the new sessional minima near the 1.0810 mark. According to analysts RBC Capital Markets, the growth of a pair of U.S. / Canada stopped at the level of 1.0900 against the backdrop of the growth of futures on U.S. stocks and commodity prices, resulting in reduction of the trends away from risk. According to the Bank's strategists, a short-term interest in selling resumes near the resistance levels at 1.0888 and 1.0935, which would reduce to a pair of full-time support at 1.0784. A pair of U.S. / Canada at the moment, trading at around 1.0817.
Thursday, July 30, 2009
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