26 Mar 2014
AUD spec longs more than doubled - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that the Australian dollar's strength here in Q1 has caught many off guard.
Key Quotes
"The speculators in the futures market are still net short the Aussie, though the net position was cut by about 40% in the week through last Tuesday."
"This is largely a function of new gross longs entering. The speculative longs more than doubled (rising almost 13k contracts to 21.6k)."
Key Quotes
"The speculators in the futures market are still net short the Aussie, though the net position was cut by about 40% in the week through last Tuesday."
"This is largely a function of new gross longs entering. The speculative longs more than doubled (rising almost 13k contracts to 21.6k)."