Sunday 1 April 2012

COT Report Canadian Dollar - Loonie Vs US Dollar

Commitments of Traders Report - Canadian Dollar

Looks like the high made for USDCAD last year is short-lived. The commercials are now betting that the Canadian Dollar aka the Loonie will continue to rise. Optimism in the world economy contributes to the projection in demand for Canada's natural resources which is actually half of Canada's export revenues.

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