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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2020/02/17

[Hedge%20Funds%20Bet%20Aussie%20Will%20Overcome%20Impact%20of%20Coronavirus]Hedge Funds Bet Aussie Will Overcome Impact of Coronavirus

Is the Australian dollar close to a turning point? Some hedge funds seem to think so. Leveraged investors have turned positive on the Aussie in recent weeks even as the spread of the deadly coronavirus in China saw the currency slide to the weakest level in almost 11 years. One of the main arguments from Aussie bulls is that a resilient local economy will rule out further interest-rate cuts, giving the battered currency room to recover.

Bloomberg


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