Olympic Event Risk?
Normally I focus strictly on the technicals of price action, and intentionally avoid getting wrapped up in the feed of fundamental news that circles currencies.
Although starting friday, a lot of international travellers will be travelling to Vancouver Canada to indulge in over priced accommodations, entertainment and food. I would assume this mean that some foreign currencies need to be swapped for loonies. Will this increase in tourism matter when compared to the 2+m barrels of oil that the US buys off of Canada every day?
I'm curious if anyone has looked for correlations between international sporting (World Cup, Olympics, etc), and the exchange on the hosting country's currency.
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