AUD,NZD/Flows and Orders

Friday clean-out as asset managers sell Anzacs

Most of the selling in the AUD and the NZD is being attributed to asset managers out of Asia. There are bids reported at .9750 but momentum is quite strong so if you’re sitting on stale longs, it mighn’t be a bad idea to off-load some on any small rallies.

  1. Yes I read same yesterday, think it was UBS, but I wouldn’t worry Schubes just yet, took the asset managers a long time to build up their positions so there could be still a lot more to come. No sign of any bounce at all in AUD and even this am we are seeing more asset manager selling so just wait until some strong basing signs emerge; that’s what I’m doing anyways

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