Asset Manager Australian Dollar Shorts Hit Record on Risk-Off

Asset managers’ short positions on the Australian dollar surged to a record high in the week ended Oct. 20, as mounting Middle East tensions and jitters over the artificial intelligence...

By David Finnerty and Ruth Carson · Bloomberg Markets

Asset managers’ short positions on the Australian dollar surged to a record high in the week ended Oct. 20, as mounting Middle East tensions and jitters over the artificial intelligence trade spurred a retreat from the risk-sensitive currency.