Canadian dollar hits 10-day high as speculators turn bullish for the first time in years
The loonie hit a 10-day high Monday as speculators turned bullish for the first time since 2023. Strong labor data and rising oil prices supported the gains.
Insights:
Speculative positioning has shifted to net-long the Canadian dollar for the first time since August 2023, according to data released by the U.S. Commodity Futures Trading Commission . This shift in Canada 
CA coincided with the currency climbing to a 10-day high, as it traded 0.8% higher at 1.3565 against the U.S. dollar .
CA coincided with the currency climbing to a 10-day high, as it traded 0.8% higher at 1.3565 against the U.S. dollar .
