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Strategies & Market Trends : Value Investing
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From: Tapcon10/10/2008 12:40:44 PM
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Foreign exchange markets are wild! On July 21, CDN dollar was par with US. Today it is at almost 20% discount. AUS dollar even greater collapse -- from 1.05 to about 1.50. Most of change occurring in last 10 days.

The exit from resource-based economies is stunning. Canadian dollar down 3.6% today alone. That's the economy with the strong, conservative financial system. Exit from commodities rules the day.

When you consider investments like PBR (Brazil) and FAX (Aus), and all the Canadian energy plays, don't forget to consider currency risk -- and reward going forward
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