Saturday, January 13, 2007 10:04:18 AM
The Canadian Dollar vs. U.S. Dollar
I have decided that the chances for the Canadian Dollar (CDN) to hit par with the U.S. Dollar (USD) have increased. I feel that the counter trend bounce in the USD will end in the coming weeks and it will roll over. I am almost 100% out of U.S. stocks and hold all Canadian and Eurozone equities at this time.
Here is a 5 year chart of the USD to CDN
I have decided that the chances for the Canadian Dollar (CDN) to hit par with the U.S. Dollar (USD) have increased. I feel that the counter trend bounce in the USD will end in the coming weeks and it will roll over. I am almost 100% out of U.S. stocks and hold all Canadian and Eurozone equities at this time.
Here is a 5 year chart of the USD to CDN
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