# CANADA FX DEBT-Canadian dollar notches 4-week high as risk appetite recovers | Kitco News

> The Canadian dollar strengthened to its highest level in nearly four weeks on March 29 as risk appetite recovered. Speculators had raised bearish bets on the currency to their largest level since January 2019.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/37099-canada-fx-debt-canadian-dollar-notches-4-week-high-as-risk-appetite-recovers
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Heavy speculative shorts create potential for a short-covering rally in the loonie, which would lower USD/CAD and the dollar cost of Canadian-origin feed inputs.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-03-29/canada-fx-debt-canadian-dollar-notches-4-week-high-risk-appetite

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.