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A few questions on CAD strength.......>

DOLLAR-CANADA
DOLLAR-CANADA: A few questions on CAD strength from clients via our Edge
product, to summarise.
- Not much in terms of headline flow overnight, recent economic outperformance
obviously been the driving factor in recent weeks and probably further to the
fore with Fed easing front and centre (although outlooks re: the BoC are mixed).
- The clean break below the YtD low overnight was helped by real money sellers,
according to one of our sources.
- Be wary though... CFTC positioning showed a net long position in the CAD, for
the first time since March of last year in the most recent week, which could be
a stumbling block for further notable gains in the short term.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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