Category: Featured News

The new year’s start has not really been very lucky for the Loonie so far. From the very start of this year the Canadian Dollar has been experiencing down falls , and has been showing quite steeply pointing down wards. Many of Financial Analysts have predicted that it will continue to fall in the near future. Apparently CAD is going to see another dumb sight in this year.

The economists of the Royal Bank of Canada have stated that loonie is going to fall an other 87 cents by the end of this year, while TD bank differs a little on this aspect and observations have revealed that it will go less than 80 cents and it will rise an=gain in the coming year.

 Turkish Currency “Lira”

The Turkish currency “Lira” dropped down about 1.5%, on the December 20th of 2013, to 2.0982 per Canadian dollar. It is the lowest the Lira has ever been since 1981. Just previously it was trading 0.9% low in Istanbul. It dropped to almost 1.2% of 2.8681 compared to one Euro. the 2 year benchmark note rose up with 25 points 9% , which is the best they had ever been.

The risk which are rationally attached to a country’s Forex performance tend to have worsen as Mr. Onder, the chairman of PYA commented on a telephone call from the capital of Turkey “Istanbul”. He added that the foreign investing companies could not difest the fact that had jut happened for a couple of days and the evacuation of market as deemed to be the most rational response from a trader, was in effect for about 2 weeks.

It is quite an opportunity of many of those who can accurately analyse the and predict the future trends and yield great out of trading into the risky Lira.