Hedgefunds! Closing off all their short positions!!!, A$-$US...

Hedgefunds! Closing off all their short positions!!!, A$-$US relation, trading profit shrank now by 10% compare when was parity.
Currency speculators are done.
Who esle ? who else would "Sell for $1.10" AGO ????

Many funds transferring Australias Mineral Wealth to US Hedge Funds,and other overseas funds via abysmal currency hedging or more accurately the lack thereof.
"Our Miners" are so bad at managing their currency exposures, they use adverse currency trends as an excuse for unrelated errors and weakness.
Global traders and hedge funds always taking profits on their long Aussie Dollar positions, by selling to australian miners at the top of the market.Then the hedge funds go short,easily buying back in the next dip bec. of the lazy and atrocious "No hedging until we have to panic" policy of "our largest miners"
Just for once, don't transfer Australia's wealth to theses overseas currency speculators.