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FX Update- USD/CAD
Posted:01/12/2008 14:31 by Keith LobodzinskiUSD/CAD showed little reaction to the better GDP data, and remains supported above the 1.2450 level so far. We have heard talk of a large sell order in place between 1.2480 and 1.2520, which could keep upside limited for now. Generally though, the risk backdrop, and equities and commodities will likely continue to drive loonie trade. click here to return to the top of the page
