Bloomberg: Fund Managers Piled Into Record Aussie Shorts at the Wrong Time
“Offshore rather than domestic forces have been in the driver’s seat with a softer dollar and stronger yen underpinning the Aussie’s revival,” Peter Dragicevich, a strategist at Corpay Solutions, wrote in a research note. Dragicevich said there are a number of medium-term positives for the Aussie including another round of income-tax cuts, the potential for more relief at the May budget, and an improvement in China’s economy due to stimulus measures. Read more on Bloomberg here: https://www.bloomberg.com/news/articles/2024-03-11/fund-managers-piled-into-record-aussie-shorts-at-the-wrong-time
Switch to Corpay
Discover how making the move to Corpay streamlines payments and strengthens your business.
Talk to an ExpertSmarter payments. Stronger growth. Keep business moving.
Corpay powers payments for 800,000+ businesses worldwide. Let’s build what’s next for yours.