Monday, September 17, 2007

My favourite currency-Canadian dollar - Part 6 (Final)

As I browsed through Bloomberg this morning, I was particularly caught by an article on on the bright outlook of CD. It mentioned that CD is poised to grow further and a long position is recommended.

According to the writter, CD is set to outperform the greenback and, pretty soon, the exchange rate (1 U. S. to CD) is going to break 1:1. I am in total agreement with him.

If you wish to invest in foreign currency, but you are uncertain as to which one to pick, then you may consider CD.

Tomorrow I am to touch on Ramadan, the fasting month for Muslims. Ho! Ho! Ho! It is all about foods again!

The above picture is downloaded from CBC News.

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