Bloomberg (gated) have a piece up: Hedging by Australia's Pension Funds Set to Boost Local DollarBloomberg is gated, but in brief it discusses how t e Australian dollar (AUD) is expected to continue rising, supported by increased currency hedging activity from major Australian pension funds. These funds, with significant exposure to offshore assets, play a key role in driving demand for the local currency.One of the main drivers behind the shift is the growing risk of global tariffs and expectations that the U.S. Federal Reserve will cut interest rates, both of which are likely to weaken the U.S. dollar. In response, Australian superannuation funds may step up hedging of their U.S. holdings, which would increase demand for the AUD.It also collates some analysts views citing the above reasoning. Again, in brief:NAB's Ray Attrill forecasts the AUD could rise nearly 3% by year-endCitigroup notes AUD/USD is well supported above 0.64Deutsche Bank maintains a year-end AUD/USD target of 0.67 This article was written by Eamonn Sheridan at investinglive.com.