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.
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Comments (5)
  • Dogpound
    , contributor
    Comments (156) | Send Message
    Just until it gets high enough to kill what little manufacturing we still have in Eastern Canada and our Housing crash enters full swing in spring of 2013.
    20 Nov 2012, 03:08 PM Reply Like
  • mogando
    , contributor
    Comments (313) | Send Message
    sad state of affairs that the Euro has fallen so far, but good news for CAD and AUD to finally be recognized as a major currency (instead of being afterthoughts from USD/EUR/JPY)


    just imagine the potential it would unleash if CNY ever free floats
    20 Nov 2012, 03:17 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (3267) | Send Message
    The Canadians are smart to shift their entire defence (note different spelling) burden to the Americans. They have 3 rusty diesel submarines (ex-Royal Navy 2nd hand) that spend more time in the garage than at sea.


    See an intruder, call the Yankees.!


    Their Social Security equivalent the Canada Pension Plan and the Canada Old Age Security are projecting a surplus in 2035.
    20 Nov 2012, 04:35 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9904) | Send Message
    Seems logical to allocate greater weights to C$ & A$ going forward.
    20 Nov 2012, 05:50 PM Reply Like
  • kmi
    , contributor
    Comments (4527) | Send Message
    Commodity based economies....


    Isn't have the world touting the 'end of the commodities supercycle'...
    20 Nov 2012, 06:54 PM Reply Like
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