Nevertheless, futures traders are diminishing their bets against the Canadian dollar. For instance, the number of bets by hedge funds and other large speculators for a decline in the Canadian dollar compared with those on a gain, or net-shorts, was 33,852 on May 21, compared to 44,417 the previous week.
CurrencyShares Canadian Dollar Trust
For more information on the loonie, visit our Canadian dollar category.
Max Chen contributed to this article.