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Currency Market Update – CAD at 2009 levels

By: Emerging Money
Posted: 1/7/2014 10:43:00 AM
Referenced Stocks:

The Intraday chart on Canadian dollar (CAD) ETF ( FXC , quote ) as Ivey Index comes in very weak vs. December.

Image courtesy of Kevin Dooley: The Canadian dollar is now at fresh cycle lows against the U.S. dollar and now takes price back to December 2009 levels.

Stay short FXC to play.