33 days ago • Posted by William Ramstein

Hedge funds seem bullish on Aussie dollar--increase futures and options positions

Despite a rising USD, Aussie dollar has seen strong interest from Hedge Funds buying up futures and options on Aussie dollar bets. Signs are showing that the Aussie see a rebound after key support around the $0.75 level remained intact, a closely-watched gauge of momentum known as slow stochastics turned bullish and the economy continues to trump expectations.

Source: Bloomberg, Yahoo