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Forex News IMM Report: Investors Building A Cross Trade: Long EUR/CAD

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Peter

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Scotiabank FX Strategy Research notes that data from the latest IMM report (covering up to Tuesday June 6 & were released Friday June 9) showed that the peak bearish bet against the CAD occurred two weeks ago (USD7.2bn or around 99k contracts), eased slightly last week and dropped a little more this week to just over USD7bn.

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