Hedge funds ramp up Canadian dollar shorts ahead of Bank of Canada decision
Hedge funds have increased their bearish positioning against the Canadian dollar to one of the highest levels in 20 years, despite expectations that the Bank of Canada will raise interest rates for the first time since July 2023, according to a report by FXStreet. Commodity Futures Trading Commission (CFTC) data shows leveraged funds held a net short position of approximately 91,000 Canadian…
We haven't written up this one. Hedgeweek has the full story — the link below goes straight to it.
