Correction Canadian dollar can proceed

Vozobnovlenie restoration of the American currency during the auctions on Thursday against a new wave of liquidation carry trades and some reduction of prices on oil has again negatively affected dynamics of Canadian dollar, having allowed bulls on dollar/kanade to continue approach. The pair has managed to overcome resistance in the field of C$0.7424, and then and mark C$0.7447 therefore session maxima have been designated nearby C$0.9783, and as the dealers mark, certain influence on its dynamics was rendered by an option expiring today with a strike on C$0.9800. The Dollar/kanada keeps now nearby C$0.9754, and having dug above C$0.7447 looks rather positive event for bulls, assuming the further growth to C$0.9825, hearings thus go, that in the field of C$0.9810/25 stops of hedge funds are located. Currency strategists Scotia Capital pay attention, in the meantime, to comments of representatives of Bank of Canada which do not differ recently especial optimism regarding a subject of strengthening of Canadian dollar. Jenkins during yesterday`s performance has declared a floor, that stay of national currency at current levels creates risks of that manufacture and inflation will essentially more low, that in Scotia Capital slopes to interpret as the precondition to decrease in the rate which they expect in the first quarter of next year. At present only the small number of participants of the market expects monetary and credit policy easing in Canada, however influence of delay of economy of the USA and effect of growth of the Canadian currency hardly will be imperceptible, and though the spirit concerning the American dollar remains negative, revaluation of prospects of rates of Bank of Canada can support restoration dollar/kanady. Forexpf. Ru - Forex News / news Forex