The Traderszone Network

Published in TZ Latest News 22 February, 2016 by The TZ Newswire Staff

Bloomberg: "Hedge Funds Turn Bullish on the Aussie"

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”