USD/CDN? ummm..wohh

Discussion in 'Forex Trading' started by MasterRaistlin, Oct 22, 2008.

  1. Hey guys,

    I'm wondering if you fine gentlemen (and ladies perhaps ) could give me insight into the current move of this pair.

    What's caused it to scream up so fast and is it likely to stay here?

    Just about seems like a big correction could be in play.
  2. Oil economy with oil breaking to new lows has a lot to do with the move imo recently.
  3. agreed

    plus interest rates have dropped 75 points and this is the price
    level that producers want the C$ at, tho the speed and amount
    of the move surprised me
  4. I woke up this morning to a whopper of a move. I had to blink twice, it's been trading bte 1.14 to1.19 just last week. and then wwwwwwhoaaaaaa