Hedge Funds Trim Bullish Bets as Russian Ruble Swings With Oil

Updated on
  • Funds pared their net long ruble wagers first time in 6 weeks
  • Growing Fed December rate liftoff bets pose risks to currency

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.

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