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Canadian dollar ETF losing its commodity currency status

Posted on 30 April 2014

The Canadian dollar, along with the related exchange traded fund, has lagged behind other developed market currencies this year, as the U.S. becomes more energy independent and winter demand for Canadian exports falters.
The CurrencyShares Canadian Dollar Trust is down 3.6% year-to-date, more than twice the loss suffered by the PowerShares DB US Dollar Index Bullish Fund. The Canadian currency has depreciated 4.2% against a basket of 10 developed country currencies this year – it is the worst performer of the group, reports Ari Altstedter for Bloomberg………………………………………..Full Article: Source


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