Kimble Charting Solutions in a note this week said the spread between commercial and non-commercial Australian dollar traders is the widest in almost 10 years.
Net positions by commercial traders who use derivatives to hedge are long the Australian dollar, while non-commercial speculators are very bearish on the currency.
“When the Australian dollar moves higher, usually risk assets do too,” Kimble said.
CurrencyShares Australian Dollar Trust (NYSEArca: FXA)
CurrencyShares British Pound Sterling Trust (NYSEArca: FXB)
