Thursday , November 21 2019
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Tag Archives: CAD

Specs Shift to Net Long Canadian Dollar and Set New Record Gross Long Yen

Speculators in the futures market were not particularly active in Commitment of Traders reporting week ending April 5.  There was only one gross position adjustment which we regard as significant (defined as a 10k contract change), and that was in the yen.   Yen bulls extended their gross long position by 13.3k contract to new record of 98.1k contracts.   However, the bears are beginning to get itchy and have sold into the yen gains for the second consecutive week.  The gross short yen...

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Canada joins the currency wars

Guest post by Norman Mogil Devaluation is now the preferred tool to reinvigorate slowing economy. On a traded-weighted basis, the US dollar is at its highest level in over a decade. Resource-based countries have seen their currencies tumble by as much as 25% and manufacturing-based economies as much as 20% in the last 12 months.  The Japanese yen, the Russian ruble, the Brazilian real, the Chinese yuan and other Asian emerging economies have all adopted a policy of allowing their currency...

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