24 Jun 2013
Flash: COT CAD exposure reduced - Scotiabank
FXstreet.com (Barcelona) - Camilla Sutton, Chief Currency Strategist at Scotiabank notes that in the recent COT report, CAD exposure was reduced, bringing the net position to $2.6bn.
She writes, “It is also noteworthy that the gross long position is the smallest it has been in four years, suggesting that there is a hesitancy to be long ">CAD. There was only a negligible change in the net short AUD position, leaving it as the second largest net short among the majors with a $6.0bn position.”
She writes, “It is also noteworthy that the gross long position is the smallest it has been in four years, suggesting that there is a hesitancy to be long ">CAD. There was only a negligible change in the net short AUD position, leaving it as the second largest net short among the majors with a $6.0bn position.”