Australian dollar longs keep falling

Advertisement

CFTC data is out for last week, delayed by the US holiday weekend. Australian dollar net longs fell another 4k to 40k contracts:

Still materially bullish with fabulous downside potential…

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.