Reported 4 days ago
Hedge funds may incur losses on their bearish positions concerning the Australian dollar, as the currency shows unexpected resilience amid easing fears of US tariffs. Predictions suggest the Aussie could rise to 64.50 US cents if the Reserve Bank of Australia keeps interest rates steady. With a significant net short position held by hedge funds and favorable economic signals, a hawkish stance by the RBA might exacerbate their losses if rates are not cut as anticipated.
Source: YAHOO