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Strategies & Market Trends : Canadian Dollar
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To: Rob Toor who wrote (59)1/4/1998 11:25:00 AM
From: Ed Huang  Read Replies (1) of 103
 
There was not much news in the past few days on Cdn dollar. My
guess is that the up move was caused by some bargain hunting
and Cdn central bank support. I am not sure if this is the turning
point for the Cdn dollar, but I won't be surprised if the Cdn dollar pulls
back down again in the near term. Even the undervalue theory is
true for the currency, it could remain so for months. I'm still watching.
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