In a speech to the Heritage Foundation in Washington today, US Treasury Secretary Henry Paulson suggested that protectionism is growing in both nations of the US and China.
The US dollar struggled to rally despite stronger economic data today. Risk aversion is back in play with the Dow dropping by the biggest amount in over a week.
The Canadian dollar has been on a tear. In the past three months, the currency has appreciated over 11 percent against the US dollar, putting parity within reach.
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