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View Full Version : Canadian Currency Declines on Speculation Gains Were Overdone - Bloomberg



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06-01-2009, 07:00 PM
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Canadian Currency Declines on Speculation Gains Were Overdone (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601082%26sid%3DakKGL70Xlzzc%26refer%3Dcanada&cid=1253390002&ei=JGAkSqSAB5et_gbAj820BA&usg=AFQjCNFawWYdjEn3c8e2OaqUjdjFWnhjqA)
Bloomberg
“This is probably healthy for the overall move,” said Firas Askari, head currency trader in Toronto at BMO Nesbitt Burns, a unit of Bank of Montreal. “This is not surprising, given the ferocity of the move down.” The currency, known as the loonie, ...


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