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Asset Manager Australian Dollar Shorts Hit Record on Risk-Off

Key Points

Asset managers’ short positions on the Australian dollar surged to a record high in the week ended Oct. 20, as mounting Middle East tensions and jitters over the artificial intelligence trade spurred a retreat from the risk-sensitive currency.

Asset managers’ short positions on the Australian dollar surged to a record high in the week ended Oct. 20, as mounting Middle East tensions and jitters over the artificial intelligence trade spurred a retreat from the risk-sensitive currency.
Australian (ORG) Middle East (LOCATION)
Originally published by Bloomberg Markets Read original →