The Canadian remains under liquidation pressure in the face of alternating leadership bythe US Dollar and the British Pound. Residual strength in the Dollar might be accentuated later today in the faceof an as expected US GDP reading, as the trade will see more confirmation that the Canadian economy is muchslower than the US economy. Adding into the woes of the C$ is negative Canadian housing market outlook fromPIMCO. Near term downside targeting is seen down at 89.00 in the March Canadian Dollar contract.
