Archive for July 7th, 2010
Markets Confused about Canadian Dollar – 4726th Edition
On a trade-weighted basis, the Canadian Dollar (aka Loonie) has appreciated nearly 10% in 2010. At the same time, it has fallen 8% against the Dollar since the beginning of May. This contradiction is reflected in an explosion in volatility: “CAD has been very westernunion volatile – the average intraday spread between the high [...]
