AUD Short Interest Hits Record High as RBA Rate Cuts ExpectedVW Staff
Shorts in AUD compared to long positions peaked on July 2, according to CFTC's weekly report. Aussie has taken the worst beating among developed nation currencies, sliding 9.4 percent in the last three months. As net short positions (the difference between long and short) claim previously unseen highs, the prediction is that it is time for the currency to get back up, signaling a short squeeze. The . . .
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