Config.
Marché
Rapport
Unité

COT CAD/USD

Période
Échelle

As-of mardi · close vendredi · source CFTC

Long vs Short

Long et short en % d’OI (catégorie focus)

Δ 4 semaines

Variation du net vs le rapport d’il y a 4 semaines

Cette semaine

Catégorie Long Short Spreading Net Δ Long Δ Short Δ Net % OI long % OI short

Historique

FX · CME

What is the CAD/USD futures contract?

CAD/USD

Satellite of EUR/USD

A long means…

Exposure to a rise in the Canadian dollar versus the dollar — the inverse of spot USD/CAD.

What is this?

The Canadian dollar is Canada’s currency — a G10 tied to oil and to trade with the United States. The rate is set by the gap between the Bank of Canada and the Fed. The CME future is quoted in dollars per CAD: when the Canadian dollar strengthens, the contract rises. Interbank spot is written USD/CAD, the other way round. Importers, exporters and corporates hedge that rate; managers hedge a Canadian portfolio.

At expiry, Canadian dollars are delivered against US dollars. Most positions are closed or rolled beforehand. A net long here is not a bet that the dollar is rising against the CAD.

Pitfalls

  • Long CAD/USD is not long spot USD/CAD.
  • Not the ICE USD Index (CAD is only one basket leg).
  • Do not add the micro (MCD) into this line.

Univers LIX

Le positionnement n’est pas le risque

Le COT décrit qui est positionné. Le LIX décrit le niveau de risque de marché — 12 indicateurs, hors COT.