CANADIAN DOLLAR/USD COT Report

Neutral – Higher Value Accepted

Price and institutional positioning are not aligned.

Price Action

• Current Week (2026-03-03 → 2026-03-10): ▼ -0.61%
• Previous Week (2026-02-24 → 2026-03-03): ▼ -0.17%
• Pre-cutoff POC (2026-03-03 → 2026-03-10): 1.35
• Post-cutoff POC (2026-03-10 → 2026-03-13): 1.36
• Friday 3PM price (2026-03-13): ▼ 1.3726
• Friday vs Post-cutoff POC: +0.0126 (▲ +0.93%)

What's Changed?

• Open Interest — 313,285 (▲ +53,761 WoW)
• Asset Managers — 106,378 long / 35,564 short → +70,814 net (22.6% of OI)
• Net ▲ increased by 7,293 contracts
• Leveraged Funds — 29,145 long / 66,838 short → -37,693 net (-12.0% of OI)
• Net ▲ increased by 797 contracts
• Swap Dealers — 34,524 long / 88,631 short → -54,107 net (-17.3% of OI)
• Net ▼ reduced by 11,690 contracts
• Other Reportables — 13,928 long / 2,065 short → +11,863 net (3.7% of OI)
• Net ▼ reduced by 878 contracts

Positioning Summary

• Asset Managers increased net exposure during the reporting week.
• Leveraged Fund activity was heavily skewed toward spreading, muting the directional signal from net positioning.
• Dealer spreading increased, indicating active internal hedging amid elevated trade flow.
• Open interest increased, indicating expanding market participation.

Risk Flags