Short Bets on Canadian Dollar Hit Unprecedented Levels
Wednesday, 19 June 2024, 12:52
Record High Short Bets Against Canadian Dollar
In a recent development, short positions on the Canadian dollar have reached an unprecedented level of 129,493 contracts.
Market Impact and Implications
The surge from 91,639 contracts in the previous week indicates a substantial shift in market sentiment towards the Canadian currency.
This alarming increase warns investors to reassess their strategies amidst the heightened speculation against the Canadian dollar.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.