RIO DE JANEIRO, BRAZIL - Funds and speculators on U.S. futures markets amassed their largest bet against the Brazilian real in over three months, data showed on Friday, March 5th, as the currency’s latest slump prompted the first central bank intervention this year.
The latest Commodity Futures Trading Commission data on Friday showed that funds increased their net short position by 5,114 contracts to 21,051 contracts in the week to March 2th, the biggest net short since the week ending Nov. 22 last year.
To go short a financial asset is to effectively bet that it will . . .
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