Saturday, September 29, 2007

Institutional Investors Continue to Drive the USD/CAD Down

Institutional investors continue to hold their bearish bias toward the USD/CAD, and the pair continues to fall.

Institutional investors are net short the USD/CAD and their sentiment becomes more and more bearish with each passing week. The USD/CAD may not stay at parity for long.

For more information on the PFX COT Sentiment Indicator, click on the following link:

http://www.pfxglobal.com/index.php?o...785&Itemid=191


Tags: forex,foreigne exchange,currency,euro,usd

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