Canadian Dollar to Follow S&P 500 as Fed Rate Decision Looms | equities.com - 0 views
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Equities Group on 16 Sep 11The Canadian Dollar remains intimately tied to the broad trends in investors' risk appetite, with prices continuing to show a strong correlation with the S&P 500. In fact, the relationship goes beyond USDCAD, with a trade-weighted index of the Canadian unit's average value against its leading counterparts likewise showing a significant relationship with the benchmark equity index.