Daily Market Updates: Hedge funds ramp up Canadian dollar shorts ahead of Bank of Canada decision

ETFs & Funds

Home›ETFs & Funds›Equity Funds›Hedge funds ramp up Canadian dollar shorts ahead of Ba…

Hedge funds ramp up Canadian dollar shorts ahead of Bank of Canada decision

Reported · Written up by our desk · Equity Funds

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 dollar futures contracts, worth C$9.1bn, as of 20 October. The position has more than doubled from 39,000 contracts in mid-September, with only ten weekly observations since 2006 recording larger bearish b

← Newer storyElliott eyes $5bn exit from UK data centre operator Ark Older story →Citadel, Bridgewater and Man Group expand AI use but warn against ove…

More like this

ETFs & FundsA Starbucks turnaround is brewing , but perhaps not quickly enough

ETFs & FundsAnthropic Plans IPO: Direxion Single-Stock ETF to Follow

ETFs & FundsSandisk sees revenue nearly quintuple , and its stock is heading higher

ETFs & FundsThis is where most people go wrong in their 30s and 40s

ETFs & FundsThe stock market’s best forecasting tool says returns over the next 10 years will be dismal

Sources

HedgeweekHedge funds ramp up Canadian dollar shorts ahead of Bank of Canada decision

ETFs & Funds

Hedge funds ramp up Canadian dollar shorts ahead of Bank of Canada decision

More like this

Sources

Get the close, explained.