(Bloomberg)Hedge funds trimmed bets for the ruble to appreciate for the first time in six weeks as swinging oil prices and the prospect for higher U.S. interest rates threaten to exacerbate the Russian currency’s losses. Speculators were net long the ruble by 2,053 futures in the week ended Nov. 3 from 2,0.
Hedge Funds Trim Bullish Bets as Russian Ruble Swings With Oil
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