Speculators Catapult Aussie Short Bets to Record Amid China Woes
The Aussie is considered a proxy for China sentiment given the two nations’ close trade links.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Speculative investors ratcheted up bearish Australian dollar wagers to the most on record after jitters around China hammered risk sentiment.
An aggregate gauge of investor positioning in the Aussie — net non-commercial futures and options positions — showed the most selling pressure since at least 1995, according to Commodity Futures Trading Commission data for the week to March 19.