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BAML note it could be time to turn...........>

AUSSIE
AUSSIE: BAML note it could be time to turn positive on AUD.
CFTC positioning indicates AUDUSD shorts grew $0.5B and now stand at 2 year
extremes. AUDUSD has been sold in 6 of the past 7 weeks. In other words AUD
positioning is the shortest since 2015 when arguably external backdrop was far
more negative and AUD was still overvalued.

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