Does a 91% bullish reading makes sense for the Canadian dollar?


According to the latest Commitment of Traders Report for November 6th, speculators are positioned 91% long Canadian dollar futures (or short USD/CAD in the spot market); that is down 1% from the reading on October 39th. Does that seem high to you?

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avatarJack Crooks - Black Swan Currency Currents posted Tuesday, November 13th, 2012.

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