When Carney met with Trump, traders' bullish sentiment on the Canadian dollar reached the highest level since 2009.
With Canadian Prime Minister Trudeau meeting with US President Trump for the first time since Trudeau took office, the sentiment among traders in the $280 billion Canadian dollar derivatives market has reached its highest level in the past fifteen years. The one-month risk reversal indicator for the Canadian dollar - a key measure of trader sentiment based on the spread between call and put options - currently shows bullish sentiment for the Canadian dollar exceeding 8 basis points, reaching the highest level against the US dollar since the end of 2009.
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