Those positions are why CAD is breaking through resistance. The market is too long USD. I had several banks tell me in May that we would see 1.4200 this year.
Yeah.
Crowded trade. pic.twitter.com/L8cL84GxAU
— Peter R Hann CFA, Goldbug Weirdo/Silver Freak (@PeterRHann1) August 28, 2024