Here Are Three Reasons to Short Australia's Dollar
- Trade war, iron ore, dovish RBA are all reasons to be bearish
- Leveraged funds have biggest short position in over two years
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Optimism that Australia’s dollar has found a bottom may be premature.
The currency looks set to take another leg down as the U.S.-China trade war worsens and the outlook deteriorates for Australia’s major export earner iron ore. At the same time, the central bank is predicted to reaffirm its commitment to keeping interest rates at a record low when it meets this week.