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NZD/USD Rate May Rise as AUD/USD Price Falls on Trader Bets
In this week’s session, I discussed what trader positioning had to say about the AUD/USD, NZD/USD and US Dollar outlook ahead of key fundamental event risk. The latter include the Fed policy announcement due later today, the UK General Election on Thursday and the December 15 US-China tariff deadline. How are investors placing their bets in the liquid sentiment-linked currencies and what does that have to say about where they may go next? About 30 percent of NZD/USD traders – as reported via IG Client Sentiment (IGCS) – are net long as of December 10. This is as those biased to the downside are up 12.34% and ... (full story)