Expert Analysis: Record AUD/USD Shorts Confront Seasonal Challenges

Tuesday, 2 April 2024, 10:34

The Australian dollar has significantly underperformed among G10 currencies in 2024, dropping by 4%. Speculators have aggressively increased their AUD short positions to an all-time high, as indicated by CFTC data. With the current high level of net AUD shorts coinciding with seasonal challenges, it poses a significant test for investors and traders in the forex market.
https://store.livarava.com/08723f15-f114-11ee-893a-87cc5c87fb08.jpg
Expert Analysis: Record AUD/USD Shorts Confront Seasonal Challenges

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.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe