| From Bloomberg: Canada’s dollar weakened against its U.S. counterpart as concern that a worldwide economic recession may deepen crimped commodity-linked currencies.
“There are views of a more prolonged recession and lower global growth, and I don’t think that’s going to be particularly positive for commodity currencies,” said Chris Turner, London- based head of foreign-exchange strategy at ING Groep NV. “Any sort of recovery in commodity currencies will be quite shallow and quite short-lived.” .... Full Article: Source
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