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. Hedge funds held a net long position in the Australian dollar of 4,044 contracts in the week ended Feb. 4, compared with net shorts of 36,264 at the end of last year, according to the ... (full story)