(Reuters) – Hedge funds and other speculators trading U.S. futures markets are net buyers of the Brazilian real for the first time since March, according to the latest figures from the Commodity Futures Trading Commission.Figures released on Friday show that speculative accounts on the CFTC held a net long position of 2,365 Brazilian real contracts for the week ending July 16, the first net long position since late March and the most bullish on the currency since early March.
Hedge funds go ‘long’ Brazilian real for first time since March
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