USD/CAD: Headed to 1.30?
March 02, 2009 at 13:18 PM EST
In the middle of February, when USD/CAD was trading at 1.2515, I talked about how it could hit 1.28. Now that this target has been reached, the move could extend to 1.30. At the time, I argued that the shrinking trade deficit in the US and the first trade deficit for Canada in 32 years would [...]