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Canadian Dollar Going Up
The reason Jim Rogers invests in Canadian dollar. Canada will raise rates before US.
http://www.businessweek.com/news/2010-04-15/canadian-dollar-hovers-...
Yesterday, they held a meeting and removed the commitment to keep the rate low through 2Q 2010. This prepare for them to actually raise rate on 6/1/10, when they meet again.
http://www.marketwatch.com/story/bank-of-canada-removes-commitment-...
The following is a good article on Australian dollar's run:
http://seekingalpha.com/article/192949-currency-etfs-canadian-dolla...
Australian dollar has been going up. It runs first because Asia's economy recovers first. It might be at the tail end of its run.
Canada is just beginning. Because North American economy is just beginning to recover. Canada's financial crisis was never as serious as the US', and it is rich in oil and materials that the world needs. Its dollar is strong. It's dollar run might be just beginning, and might follow the trajectory that Australian dollar had.
http://www.businessweek.com/news/2010-04-15/canadian-dollar-hovers-...
Yesterday, they held a meeting and removed the commitment to keep the rate low through 2Q 2010. This prepare for them to actually raise rate on 6/1/10, when they meet again.
http://www.marketwatch.com/story/bank-of-canada-removes-commitment-...
The following is a good article on Australian dollar's run:
http://seekingalpha.com/article/192949-currency-etfs-canadian-dolla...
Australian dollar has been going up. It runs first because Asia's economy recovers first. It might be at the tail end of its run.
Canada is just beginning. Because North American economy is just beginning to recover. Canada's financial crisis was never as serious as the US', and it is rich in oil and materials that the world needs. Its dollar is strong. It's dollar run might be just beginning, and might follow the trajectory that Australian dollar had.
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