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Posted 11/24/2009 12:13:00 AM [USD/CAD] rose from an earlier intraday low around 1.0555 to an
intraday high around 1.0610 on the back of a gold retreating back $12 off
its record high to around the $1158 level on profit taking after yest
hefty gains. A softer Eur/Usd on the back of a report by a German
newspaper that 2 regional savings banks that hold a majority stake in
WestLB AG are prepared to let the German state-owned go bankrupt and
slightly negative Asia/Pacific stocks also weighed on the Loonie. The pair
is now trading around the 1.0580/85 as gold prices recovers some of its
earlier losses. Earlier bids and offers continue to keep the range ahead
of the European session Copyright © 2010, Informa Global Markets
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