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Battle Plan for USD/CAD Prior to Jackson Hole
With global pressures resuming on the state of the United States Dollar, plenty of currencies are potentially setting up for profound moves. The most pivotal portion for the United States Dollar will be the upcoming meeting of U.S. central bankers at the Jackson Hole. The question lies: Will Chairman Bernanke, initiate another round of QE – deemed QE3? Commodities have been one of the best performers throughout the previous rounds of QE, and in turn, additional extra-ordinary measures could help facilitate more gains. Oil prices have been inching downwards at an accelerated rate, currently hovering near a $85 ... (full story)