AUTOREFRESH 
Sean Lee, right again!
By Jamie Coleman || April 15, 2009 at 14:57 GMT
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Sean’s post from early in Asian trade that central banks appear to be diversifying out of EUR and USD and into GBP, AUD and CAD looks particularly prescient today as all three of these currencies have been scooped up by a powerful US investment bank. There is no telling who their customer is (or if they even have one), nut it lends credence to the report. Good on ya, Sean.
Dealers report selling of EUR/CAD in the last half hour, psuhing that pair to new lows while both AUD and Cable have bounced on the US buying. Reports are circulating now that there is USD/CAD to be sold at the upcoming London fixing.
CAD strength did not reflect the fudamentals of Canada. The economy of Canada is worsening and the world’s depressions are deepening. Canada depends very much on world’s economies to export its natural resources.