The Benefit of US Dollar Rally

By Lawrence

US Dollar made a move against Canadian Dollar (Loonie) last week. Loonie forced to test its highest level over past 10 years.

To put it in perspective, we are talking about a whopping 10% jump since the end of December and a enormous increase of 20% from the beginning of year 2014.

First thing I did last Friday was rush to the bank before it close to convert a large portion of my US dollar trading income from year 2014 back into Loonie.

Thanks to the insanity of the central banks, my trading objective this year is just 20% closer without extra work.

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Comments
  • MidKnight February 3, 2015 at 8:33 pm

    It’s a 100% range extension of previous years range in a single month on usd/cad !

    • Lawrence February 3, 2015 at 10:28 pm

      That’s why the need to rush to the bank because I need to lock in the conversion XD

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