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主题:【原创】数字来说话--为子玉兄的美元理论做注解 -- 种植园土

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家园 there is still possibility

that Canadian dollars will appreciate further against USD.

Canadian dollars are driven by prices of two key commodities: gold and oil.

1.05 USD vs. 1CAD is a very good price already. Historically, it is quite high already.

From central banker's perspective, the currency CAD-USD exchange rate has made many industries in Canada uncompetitive. Therefore, despite all signals of overheating in Canada, Mark Carney has refused to raise central bank target rate for more than 8 months--I am sure that if the exchange rate reach 1.10, Bank of Canada will intervene in the market to depreciate Canadian dollar.

My two cents.

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