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Bloomberg: "Hedge Funds Turn Bullish on the Aussie"

Discussion in 'Market News' started by ForexLive, Feb 22, 2016.

  1. ForexLive

    ForexLive Forum Member

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    A piece from Bloomberg overnight you might have missed (I did) - Hedge funds and other large speculators turned bullish on the Australian dollar last week for the first time since May 2015 "The international macro-fund community is no longer universally bearish on Aussie and some are even considering taking out outright long Aussie positions," said Gareth Berry, a foreign-exchange and rates strategist in Singapore at Macquarie. "There are several things happening in Korea now that make it a target for people who wish to express a negative view on the renminbi"

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