Canadian dollar continues to rise

The Canadian currency has continued to attract investors, aided by growing optimism about the market that the European leaders will develop a plan to recapitalize domestic banks. Along with the "loonie" significantly strengthened as the Australian and New Zealand dollars. Additional impetus to trade currencies gave rise in oil prices. As noted by one of the dealers, the Canadian currency is able to achieve parity with the dollar. However, it is C $ 1.0150 area provides a couple of fairly solid support. Meanwhile, BMO Capital Markets analysts believe that at this time the Canadian dollar is overbought. The current dollar / Canada C $ 1.0160.