Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Robust demand might see a turn in commodities rescue the loonie

Posted on 23 January 2014

Canada’s national anthem celebrates “the true north, strong and free”. And, if not exactly free, its currency is also a lot cheaper than it was. Yesterday, the Canadian dollar, the loonie, weakened to more than C$1.10 to the US dollar for the first time since 2010, after falling 17 per cent in less than three years.
The bet against the loonie looks crowded, but it is only one of a group of widely disliked investments that include the Australian dollar, emerging markets and mining shares. All are fuelled by commodities, and it has become received wisdom that the commodity supercycle – a decade in which prices soared – is over………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031