Leveraged Funds Increased AUD Net Longs - Westpac
Research Team at Westpac, notes that the CFTC’s Commitment of Traders
report showed that speculators were very much positioned the wrong way
on the eve of Australia’s stunning inflation data.
“Leveraged funds had increased AUD net longs from 45.2k to 61.2k in the week to 26 April, their most bullish AUD position since Apr 2013. Little wonder AUD/USD fell so sharply on the revival of RBA easing expectations.”