Daily Market Updates: Asset managers build record Australian dollar shorts amid risk-off shift

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Asset managers build record Australian dollar shorts amid risk-off shift

Reported · Written up by our desk · Equity Funds

Asset managers have increased bearish bets against the Australian dollar to a record high as escalating US-Iran tensions and concerns over an AI-driven equity correction prompt investors to reduce exposure to risk-sensitive currencies, according to a report by Bloomberg. Net short positions rose by 12,901 contracts to 129,065 in the week ending 20 October, marking a seventh consecutive weekly increase. The positioning shift coincided with a broader selloff in global equities and renewed demand for the US dollar as a safe-haven asset. Rodrigo Catril, FX strategist at National Australia Bank, sa

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HedgeweekAsset managers build record Australian dollar shorts amid risk-off shift

ETFs & Funds

Asset managers build record Australian dollar shorts amid risk-off shift

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