(Bloomberg) -- Futures traders held a record number
of bets that the Canadian dollar will gain against the U.S.
dollar, figures from the Washington-based Commodity Futures
Trading Commission show.
The difference in the number of wagers by hedge funds and
other large speculators on an advance in the Canadian dollar
compared with those on a drop -- so-called net longs -- rose to
62,005 as of June 12, compared with 43,858 a week earlier. It
was the biggest amount of net longs since Bloomberg began
compiling the weekly data in 1993.
Read more at Bloomberg Currencies News
of bets that the Canadian dollar will gain against the U.S.
dollar, figures from the Washington-based Commodity Futures
Trading Commission show.
The difference in the number of wagers by hedge funds and
other large speculators on an advance in the Canadian dollar
compared with those on a drop -- so-called net longs -- rose to
62,005 as of June 12, compared with 43,858 a week earlier. It
was the biggest amount of net longs since Bloomberg began
compiling the weekly data in 1993.
Read more at Bloomberg Currencies News
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