Thursday, July 23, 2009

U.S. / Canada falls after the publication of a report the Bank of Canada

The nature of the report on monetary policy the Bank of Canada finally having bears in the Canadian dollar, which had hoped that it will contain some tough criticism over the growth of domestic currency, and is now actively reduced positions open in anticipation of the release. Thesis that the strong Canadian dollar has tempered the pace of economic recovery, was not new and growing dissatisfaction with the increase of CB loonie has not been observed, but the statement that the risk reduction for sustainable global economy has slowed, it is close to the bottom and the third quarter of this year from Canada's GDP in annual terms, you can expect the positive momentum, the participants were the foreign exchange market as a signal to sell the U.S. currency. Increased pressure on the latter, meanwhile, has contributed to very strong growth in the stock market, where some major stock indexes updated annual maximums. U.S. / Canada so far has gained support in the form of bidov of C $ 1.0900/0890, but the mood remained negative, and dealers believe that the couple has a chance to continue to decline to the recent minimum of C $ 1.0800 / C $ 1.0780.

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