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China Yuan Reference Rate Gains the Most in Two Months After Dollar Drop

Wed, 01 Sep 2010 19:16:26 -0700
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Canadian Dollar Short Term Channels are Points of Reference

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Canadian Dollar Short Term Channels are Points of Reference The USDCAD continues to respect its summer range. The June, July, and August highs all occurred within several pips of 10680. There is little to comment on other than the range. Use the channels as points of reference (red is corrective and black is impulsive). DailyFX provides forex news on the economic reports and political events ...
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The yuan rose the most in two weeks after the central bank fixed a stronger daily reference rate to reflect a decline in the U.S. dollar and data that showed stronger global economic growth.
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