Forex: Survey shows increase in bearish sentiments for the USA

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Hedge fund managers have developed an extremely bearish attitude towards the U.S. dollar index, following a survey by TrimTabs/BarclayHedge released on Wednesday. Bearish feelings rose to 43%, from February’s 31%, while the bullish feeling sank to 22% from the previous 31% . According to the TrimTabs executive, Vincent Deluard, managers would rather own yen than dollars, despite all the devastating disasters and enormous debt the Japanese economy has faced and continues to.

What is more, hedge fund managers have demonstrated that they tend to strongly prefer the Canadian dollar rather that the American. He also stated that according to futures positions of some traders the Canadian Dollar appears to have a greater safe rather than the American one.