Hedge Fund AUD Shorts Hit Record In Anticipation Of RBA Rate Cut

Hedge funds are piling up on their long bets in EUR and short bets in the AUD, the latest CFTC report shows. In the week ending on July 30th, hedge funds added 10,383 new long contracts, taking the total longs to 60,033 positions.  This puts short and long contracts in EUR futures and options head to head with each other;   total short contracts in EUR stands at 60,307  contracts, down from 67,388 the previous week. Also see Shorts In AUD Reach New Highs, Hedge Funds ‘Join’ Soros The increased bullish bets on euro come days before ECB chief, Mario Draghi discouraged…