Delojozafado

The Big Mac Index, The Haves and the Have-nots

So how is this article related to FXC as it appears in the header? The Loonie has significantly strengthened in the week since the BOC last lowered interest rates. Despite the strong move there are very few blogs with any opinions, observations or out looks on this currency. This blog is just another case in point! A teaser without even a tickle...

What's Happening With Currencies?

So that was the question this morning. Now the question is what the heck happened to launch the Loonie down the catapult to a +2% gain in today's currency trading? Were the units of Great Lakes Hydro up or down today? The GLHIF.PK moved up(+) .64%, while the GLH-UN.TO was down(-) .96%. There's a currency thing in there someplace. If this tend continues it is likely to result in a distribution increase for some, I would think. Is the US dollar weakness driving down the prices in Canadian currency for Canadian shares?

What's Happening With Currencies?

Very few articles on the US $ / Loonie relationship. While it has fallen off sharply from 95~1.05 to the current 1.26~79.6 level, the Loonie has for nearly a month now just been hanging out at the .80 level. There is no apparent momentum for this currency one way or another. My question is what is the glide path for the Loonie likely to be here and going forward in the near term. Any thoughts on the steepening US Treasury yield curve affecting the Loonie exchange? Energy investments with yield? TRP for instance? I just can just not discern whether or not there is any trend left for the Canadian Currency. We see the author offers up another blog entitled, "British Pound could be headed for 16 year low". What could the pointy billed bird be heading for ..I wonder...???