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CurrencyShares Canadian Dollar Trust ETF (FXC)

  • Jun. 9, 2011, 8:24 AM
    Year over year property price changes in China's major cities have rolled over into negative territory, suggesting the world's most famous bubble has popped. The number of transactions is dropping sharply as well. China is the marginal bid for every building commodity on the planet - a property slowdown would have major implications.
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  • Jun. 3, 2011, 8:47 AM
    As if to prove currency moves are currently all about risk appetite, not levels of interest rates or relative strength of economies, the aussie and the loonie plummet in the wake of the NFP number.
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  • Jun. 2, 2011, 7:37 AM
    You wouldn't know it by looking at the red across world stock markets, but moves in currencies say it's "risk on" today. The euro started moving higher after yesterday's close and hasn't stopped, +1.0% at $1.4471. The aussie, loonie, and sterling are up vs. the greenback as well.
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  • May. 31, 2011, 9:44 AM
    The loonie surges as the BoC keeps its benchmark rate unchanged at 1%. but gets a bit more hawkish in its statement, warning of upside risk to inflation, and saying "considerable monetary stimulus ... will be eventually withdrawn."  FXC +1.2%.
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  • May. 27, 2011, 11:21 AM
    The dollar is down solidly across the board, particularly vs. the Swiss franc, where the greenback has fallen to a new all-time low. Chatter is on the rise that rate hikes could begin in Switzerland as soon as June. FXF +1.5%, UUP -0.8%.
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  • May. 27, 2011, 10:55 AM
    Not participating in the rally against the greenback this week is the loonie, which remains at a 2 month low. Recent comments from the BoC have taken the idea of imminent rate hikes and maybe even a bias towards tightening off the table. FXC -3.1% in May.
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  • May. 23, 2011, 2:55 PM
    It's RORO (risk-on-risk-off), not fundamentals, that dominates currency markets and makes them trade "through the looking glass," aruges HSBC's David Bloom. Analyzed in this fashion, the lifting of the U.S. debt ceiling - averting a crisis and thus being good news - should lead to a sell-off in the greenback.
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  • May. 20, 2011, 8:13 AM
    Canadian inflation comes in a hair soft, rising 3.3% Y/Y vs. expectations of 3.4%. The loonie gives up a few pips, -0.2% at $1.0312.
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  • May. 18, 2011, 2:40 PM
    The dollar catches a bid in the wake of marginally hawkish Fed minutes. As has been the recent case, the euro is most volatile, sinking 60 pips in minutes, now -0.2% at $1.422.
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  • May. 17, 2011, 4:30 PM
    Seeking alpha can get difficult as correlations move towards 1. The direction of currencies, especially during U.S. trading hours, seems to be hostage to each tick in the S&P. The euro and the aussie provide nice examples in today's action, with the aussie correlation especially strong over the longer term.
  • May. 17, 2011, 9:16 AM
    Sterling gives up sharp gains following stronger than expected U.K inflation. Two reasons: First, the report is not likely to bring about tighter policy from the BoE, which is dug in on the transitory nature of higher prices. Second, a mild "risk on" day has morphed into a mild "risk off" day, bearish for currencies.
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  • May. 16, 2011, 11:16 AM
    The "risk on" move that began around the time the East Coast woke up brings notable reversals in the currency market. The euro makes a particularly impressive move, gaining nearly 200 pips from its jittery opening in the wake of the DSK news. Somebody actually sold euros because of this? FXE +0.9%, UUP -0.6%.
  • May. 6, 2011, 8:35 AM
    Canada adds 58K jobs in April, sharply higher than forecasts for a 20K increase. The unemployment rate falls to 7.6%. The loonie shoots higher by 0.5% to $1.0412.
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  • May. 5, 2011, 10:37 AM
    Canada's PMI falls sharply to 57.8 in April from 73.2 previously. While a powering currency may be taking a toll on Canadian business, recent readings above 70 were not likely be sustained for long under any circumstances. The loonie is weaker, but more likely due to this being a 'risk off' day. FXC -0.6%.
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  • May. 4, 2011, 10:55 AM
    Business is booming at FiREapps, where CEO Wolfgang Koester says U.S. firms are clamoring to hedge against dollar weakness. Jeff Macke notes companies getting swept up in this sort of worry could mark the sign of a market extreme - witness airlines' rush to hedge near the top of the 2008 oil mania.
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  • May. 3, 2011, 7:22 AM
    Conservatives win a smashing victory in Canada, with PM Stephen Harper set to lead the country with a majority in parliament to back him up. The loonie initially moved higher on the news, but sells off as it's a risk off day and asset correlation decides price moves these days. Loonie, -0.3%.
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FXC Description
CurrencyShares Canadian Dollar Trust is designed to track the price of the Canadian Dollar net of Trust expenses, which are expected to be paid from interest earned on the deposited Canadian Dollars.
See more details on sponsor's website
Country: Canada
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