this rune that looks visually similar to Ansuz. It is commonly the first letter of the runic alphabets. It is among the runes associated with Freyr. It is the rune of mobile wealth, commonly considered to be cattle or sheep in antiquity. It is the glyph associated with the letter 'F' and is argued to be derived from the Etruscian letter that looks the same as Fehu but the branching lines are reversed along the vertical axis.
Interestingly, Fehu is associated with three rune poems that has an unexpected division in how they assess the rune. The Norwegian and Icelandic rune poems speak of wealth as a source of conflict between kin. The Anglo-Saxon rune poem speaks of wealth as a comfort to all people that should be shared equitably to attain favor with 'the Lord'. Some may argue that the Anglo-Saxon rune poem is speaking of the Christian deity and others argue that it is speaking of Freyr, whose name is translated as 'Lord'. In either case, it speaks of wealth as a boon rather than bane.
In divination, Fehu is generally considered a positive rune. It is one that, when direct, speaks of prosperity and matters of finances in generally favorable conditions. When reversed, however, it speaks of a loss of prosperity and financial challenges. It is separate from the related rune, Othala that speaks of inheritance. Fehu is often used as a shorthand notation regarding finances in spell craft by many modern practitioners.
There is not much evidence that I can find as to how Fehu may have been used in ancient rune magic. It is possible that it was used, but I am confident that it was not in the fashion that modern practitioners do.
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