Expert Analysis: Record AUD/USD Shorts Confront Seasonal Challenges
Tuesday, 2 April 2024, 10:34
Record AUD/USD Shorts Facing New Challenges
The Australian dollar has been among the worst performing G10 currencies in 2024, experiencing a 4% decline.
Speculators at All-Time High
Investors have continued to increase their bearish bets on the Australian dollar, reaching a record number of short positions.
- Important: CFTC positioning data confirms the unprecedented level of net AUD shorts.
Despite the growing bearish sentiment, the impact of seasonal factors on the currency market will play a crucial role moving forward.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.