CAD and CL

Discussion in 'Forex' started by loyek590, Jan 9, 2015.

  1. loyek590

    loyek590

    anybody else noticed that CAD and CL are about one and the same?
     
  2. Well, its a commodity currency so its not much of a surprise.. CAD is correlated on energy prices for their economy, so a fall in Oil isn't a good thing for CAD
     
  3. loyek590

    loyek590

    yeah, I really took it in the shorts a while back thinking CAD would be a safe currency to short the Euro against. I mean, I know it's a commodity currency, but I didn't know CL was going to move this hard and CAD was going to move right with it.