# The Australian Dollar's Outlook Darkens

> 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.

- Date: 2017-06-01 · published 2017-06-01T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/71260-the-australian-dollar-s-outlook-darkens
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-05-15/australian-dollar-s-outlook-darkens-as-long-positions-dwindle

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.