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Leveraged funds cut net long positions in the Australian dollar to 12,879 contracts in the week through May 9, the sixth straight reduction. Positions were down from 53,601 at the start of March as iron ore prices plunged.
Falling speculative long positions and weaker iron ore signal pressure on the Aussie, which matters for Australian commodity export flows and currency-driven feed import costs.
bloomberg.comMichael G WilsonJun 1, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
