Hedge funds are creeping back into the Swiss franc after weeks betting against it, setting the currency up for a short-term rebound. Leveraged investors, who had been short on the franc since late January, turned long last week, according to CFTC data. It’s a big change from a month ago, when short bets hit the highest level in over a year. The moves could offer some relief to the franc, which plunged after the Swiss National Bank unexpectedly cut interest rates last month and indicated that it no longer intends to support the currency. It may also get an additional boost later this week on any dovish signals from ... (full story)