Australian Dollar Traders Are Short Into a Nine Week Rally

The Australian dollar rally has run eight straight weeks and is tracking a ninth, powered by reviving Reserve Bank of Australia hike bets. Matt Simpson, StoneX Media Market Analyst, walks through the data behind the hike bets and where Aussie positioning sits. Australian trimmed mean inflation is holding above the Reserve Bank of Australia target band even as the headline rate cools, while household spending has run hot for a fourth month in five. Forecasts have split across the big four Australian banks, and Federal Reserve Chair Kevin Warsh speaks at the Jackson Hole symposium with futures traders still net short the Australian dollar. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_matt_simpson&utm_content=share 0:00 Aussie Rally Hits Nine Weeks 0:21 Warsh Speech Sets the Tone 1:39 Big Four Banks Split Apart 2:55 The Squeeze Nobody Priced In 4:14 Aussie Crosses Break Higher Like and subscribe for more financial market insights. #Forex #StoneX #MattSimpson #RBA