Thursday, May 3, 2007

Options Traders the Most Bullish on Rising Canadian Dollar in Five Weeks

(Bloomberg) -- Options traders are the most bullish on the Canadian dollar in five weeks amid signs of economic strength and rising commodity prices.

The Canadian dollar this week reached the highest in almost eight months and has strengthened more than 6 percent versus the U.S. dollar since March 5. It is also gaining on speculation the Canadian central bank is comfortable with the currency's strength.


Read more at Bloomberg Currencies News

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