Excerpt from: Financial Spread Betting Strategies
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| September 21, 2007 | | Placing spread bets on the Canadian dollar | Placing spread bets on the Canadian dollar should keep in mind that it is a commodity currency. With a great deal of its strength coming on commodity prices, the Canadian dollar has been surging this year. And it is likely to remain solid through the end of the year. The Financial Post offers information that might be helpful with Canadian dollar spread betting strategy:
Over the nearer term, though, the Canadian-dollar story looks brighter.
This year, the loonie is up between 6% and 12% against the British
pound, the yen, the euro, the Australian dollar and the New Zealand
dollar, largely because of Canada's fundamental strengths. These
include the fact that the price of oil is at record highs and that the
recent credit crunch has left Canadian markets relatively unmolested. | | |
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