Excerpt from: Futures and Commodity News
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| May 21, 2007 | | Spread bets and CFDs on the Canadian dollar | CFDs and spread bets on the Canadian dollar could prove profitable when the loonie is favoured, as it is projected to rise, perhaps even above the $1 USD mark. Thanks to stronger commodities, the Canadian dollar is expected to receive support on the spot forex market. Reuters reports on the Canadian dollar and spot forex trading:
"There has been a batch of much stronger than expected data and there's
a view that the Bank of Canada is turning more hawkish. There has also
been strong M&A flow into Canada," said Kamal Sharma, currency
strategist at Bank of America. | | |
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