Sunday, June 14, 2009

Citigroup advised selling the dollar / Canada

The Canadian currency will start a new week, with minor notes and after lung-building in the early Asian session, now showing willingness to continue weakening in the pair with the American dollar, which, however, still continues to attract buyers loonie around C $ 1.1205/10. The breakthrough opens higher dollar / Canadian way to larger Ofer in the area C $ 1.1240/50, while further warrants are visible around C $ 1.1280 and the area C $ 1.1290/00, but Citigroup currency strategists believe that attempts to increase couples are corrective in nature and will be limited . They draw attention to the presence of signals of increasing the apparent stabilization of expectations for global demand, as well as to improve the situation in the banking sector, and believes that investors should think about the resumption of sales of dollar / Canada with a view to reducing to a pair of C $ 1.08.

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