The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets.

 
The top currency in 2009 measured against the US Dollar was the Australian Dollar (AUD/USD).

The AUD/USD rose by over 40% over the year thanks to increasing interest rates, a relatively stable economy and well regulated banking sector.

But who will be 2010’s top currency?

Many are now pointing to the Canadian Dollar as a good candidate for 2010’s top currency.

Like Australia, it survived the credit crunch relatively well and its banks have been voted the safest for two years in a row.

Its interest rates are still at near zero levels compared to Australia’s 4%, so there’s arguably more room for upside there.

The USD/CAD is currently hovering around the C$1.0200 level, a point which has been seen important support and resistance in the past.

The last time the Canadian Dollar broke the C$1.02 level it led to quick sell off in the US Dollar over 8 weeks down to C$0.9000. Could it happen this time?

You can currently get a potential return of 1345% with a Fixed Odds Bet that the USD/CAD will hit C$0.9000 in the next 70 days.

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