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Tuesday, Nov 20
2012, 3:06 PM
The aussie and the loonie are about to enter the big leagues with the IMF considering breaking...
The aussie and the loonie are about to enter the big leagues with the IMF considering breaking the two currencies out from the "other" category in its Cofer data. Less than 2% before the financial crisis, the reserves in the "other" is now over 5%, with much of that apparently flowing into those two units. This happening amidst rising official calls for a weaker aussie is - in a word - interesting. A chart of FXA and FXC vs. the dollar index since January 2009.