Financial Times FT.com

Loonie in demand as greenback sags

By Peter Garnham

Published: August 4 2009 17:44 | Last updated: August 4 2009 17:44

As the US dollar continues to notch up fresh lows for the year, the question in the foreign exchange market is not whether it will fall further but to find the best currency against which to sell it.

Many analysts believe the answer lies north of the US border and in the Canadian dollar, sometimes known as the “loonie”.

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