AUD: Long positions on the Aussie in the last month have been significantly reduced

After dipping to a new two-month minimum of 0.9567 yesterday, Aussie has recovered a bit at night and in early trading in London, returned to 0.96. However, in the attacks on the euro, the Australian currency moved back to 0.9570. Some time during the night Aussie was trading above 0.9650, which helped a favorable number of approved applications for building and export data. Decrease was due to well-known Chinese economist, who suggested that the stakes in his country should be raised further to 200 points. This observation was soon exerted a significant influence on Chinese and Asian shares, as a result, it placed pressure on the Australian currency. Partly recent weakness Aussie associated with fears that today's GDP data will be on the weak side with an average expectation of a decline of 0.4% compared with the previous quarter. Australian bulls continue to recede in the background to achieve currency new lows. The tendency to sell on growth was evident throughout this month, as confirmed by recent data from the CFTC, which suggest that long positions in Aussie have been significantly reduced.

source: forexnewsevents.blogspot