Shorts In Aussie Banks Slowly Edging Up

Aussie Banks have remained immune to bearish calls, rather there haven’t been any considerable short bets as Australian economy rode along with China’s boom. Things are different now. China takes the larger blame for Australia’s mining slowdown, as both exports and imports of Australia’s largest trading partner have taken a hit. Exports declined 3.2 percent while imports were down 0.1 percent in June, missing analyst expectations by a wide margin. See Stanley Druckenmiller Following Soros into Australian Dollar Short? As a result of bad data coming out from China, AUD has resorted to taking a plunge every time a fundamental dips in…