Quotes from Western Union:- Today is a good day to reach out to CAD-buying customers with the loonie anchored near its weakest level in more than 5 years. – USDCAD is on pace for nearly double-digit appreciation in 2014 after beginning the year around C$1.0620. – The loonie has found big negatives in expectations for a Fed rate hike next year and the precipitous slide in oil to below $60. A light week for Canada's economy may make it difficult for the loonie to move much from multiyear lows.
The material has been provided by InstaForex Company – www.instaforex.com