When most speculators expect the Canadian dollar to appreciate, they increase the supply of our currency in the FOREX market so, the Canadian dollar appreciates.

Question

Quizplus · Accepted Answer

If speculators expect the Canadian dollar to appreciate, they would actually decrease the supply of our currency in the FOREX market by buying more Canadian dollars, which would increase demand and thus cause the appreciation of the currency.

When Most Speculators Expect the Canadian Dollar to Appreciate, They