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Strategies & Market Trends : Ask DrBob

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To: bob3nc who wrote (19224)	1/3/2001 11:53:22 AM
From: xtahce	Read Replies (1) of 100058

bob3nc I read last nite that Canadian dollar could come under some pressure bob, I'd like to read that article if you have the time to find it again and give me a few more details, it would be appreciated since I'm hearing the opposite. Today it's trading around 0.6674 whereas back on Nov 8/00 it was at 0.6485 based not on weakness but because of strength of US dollar. I'm not looking for strong upward movement on the CDN dollar, and what you're saying is more along the lines of what I think will happen to the C$.... I remember at the beginning of 2000 they were saying the dollar should rise to $0.70 by the end of the year. Canada always shadow's the movements of the US economy and if the US$ weakens so must the C$ IMO The Canadian dollar rose sharply on Tuesday in a technically bullish move as a U.S. manufacturing report lent support to the view that the U.S. economy is slowing much more rapidly than Canada's. ca.dailynews.yahoo.com Thanks X

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