Seeking Alpha

Loonie a favorite of central banks

  • Official holdings of Canadian dollars jumped 23.6% Y/Y to $112.5B in Q3, according to the IMF, though that represents just 1.9% of allocated central bank reserves - about the same as the Australian dollar, but less than half of the pound or yen (the greenback is 61%).
  • The loonie (FXC) is off about 7% vs. the greenback this year amid slumping commodity prices (among other factors) - it's the largest decline for the currency since 2008.
From other sites
Comments (1)
  • JoeMRI
    , contributor
    Comments (21) | Send Message
     
    Not good for our Florida trips.
    31 Dec 2013, 09:01 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs