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