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View Full Version : Canadian Dollar Gains May Not Be Sustained: Technical Analysis - Bloomberg



NewsWhore
05-01-2009, 08:10 AM
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Canadian Dollar Gains May Not Be Sustained: Technical Analysis (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601082%26sid%3DauKmLyB7S_uE%26refer%3Dcanada&cid=0&ei=i-j6Sdm7FoLGsgawrPmOCA&usg=AFQjCNFz_GvUyoLITjqjloBGA4Kf89AOpg)
Bloomberg - Chris Fournier (http://news.google.com/news?svnum=10&as_scoring=n&tab=wn&as_drrb=q&as_qdr=&as_mind=11&as_minm=7&as_maxd=10&as_maxm=8&q=author:%22Chris Fournier%22&hl=en&ned=us&ie=ISO-8859-1)
The OECD Group of Seven leading indicator, designed to signal turning points in economic growth, has a negative correlation with the US dollar-Canadian dollar exchange rate, meaning the US currency tends to rise against its Canadian counterpart when ...


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