# Loonie adds to recent gains as bullish bets reach 20-month high | Financial Post

> The Canadian dollar rose to its highest level in over three months against the greenback on October 28, as speculative net long positions climbed to 33,393 contracts. Traders were positioning ahead of the Bank of Canada decision and an expected Fed rate cut.

- Date: 2019-10-28 · published 2019-10-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56794-loonie-adds-to-recent-gains-as-bullish-bets-reach-20-month-high-financial-post
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency positioning in the loonie affects the cost of Canadian-origin feed and oilseed products for US buyers, and reflects expected rate-differential shifts.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/loonie-adds-to-recent-gains-as-bullish-bets-reach-20-month-high

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