Hedge Funds Catapult Aussie Short Bets to Near Three-Year High [Yahoo! Finance]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Yahoo! Finance
Most Read from Bloomberg NYC's Subway Violence Deters Drive to Bring Workers Back to Office Don't Shrink the Bus Is This Weird Dome the Future of Watching Sports? Can American Drivers Learn to Love Roundabouts? NYC Congestion Pricing Takes Effect After Years of Delays Leveraged funds boosted their bearish Aussie wagers to the most since March 2022, Commodity Futures Trading Commission data for the week ended Dec. 31 show. The positions may have room to extend, given the Aussie's sensitivity to changes in risk sentiment. “The Aussie is maintaining its mantle as the Group-of-10 ‘whipping boy' for anything that may ail non-US” growth, said Ray Attrill, head of foreign-exchange strategy at National Australia Bank Ltd. “The build-up of speculative shorts in December is fully consistent with the horrible Aussie price action through the month.” Australia's dollar has weakened more than 7% against the greenback and fallen against every Group-of-10 peer except the kiwi over th
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