THIS CHART EXPLAINS WHY THE AUSSIE DOLLAR MAY STRUGGLE TO RALLY MUCH HIGHER FROM HERE

Mark this chart down as a reason why further gains in the Australian dollar may be hard to achieve from here. From a post on Twitter from Sean Callow, senior currency strategist at Westpac, it shows net speculative positioning in the Australian dollar from the latest Commitment of Traders (CoT) report released by the US Commodity Futures Trading Commission (CFTC) last Friday. Wow - leveraged funds' AUD net longs on CME jumped to 71.5k at 8/...

BusinessInsider (Date:08/14/2017 05:30) Read full article >>

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