Investors continue to accumulate short positions of AUD, NZD and CAD

22.05.2017 / 04:40

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Leveraged investors are piling on bets against the Aussie, loonie and kiwi at the fastest pace on
record. The combined positions for the three currencies whose economies all rely heavily on raw materials exports stood at a net short of 90,125 contracts last week for leveraged
investors, a strategy often used by hedge funds. Bearish bets outpaced bullish ones by 203,313 contracts since Feb. 28, heading for the steepest three-month shift ever, and the
investors kept adding to them even after the Bloomberg Commodities Index bounced more than 3 percent over the past 1 1/2 weeks.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

Varchev Traders

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Investors continue to accumulate short positions of AUD, NZD and CAD

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