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Hedge funds lift record short bets on New Zealand dollar
The bearish positioning in NZD has reached the highest level in nearly two decades even after the currency strengthened on a more hawkish Reserve Bank of New Zealand stance.
Hedge funds have increased bearish bets against the New Zealand dollar to the highest level in almost two decades, according to reporting cited by Hedgeweek.
The buildup comes even as the NZD has strengthened, following a more hawkish stance from the Reserve Bank of New Zealand, which typically supports the currency.
Bloomberg, as referenced by Hedgeweek, attributed the shift to an intensification of hedge fund short positions despite that apparent currency support.
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