Aussie Dollar shorts hit record as the world bets against the AUD

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Aussie Dollar shorts hit record as the world bets against the AUD. Investors are the most bearish on record about the Australian dollar with analysts from Blackrock to JP Morgan suggesting it has further to fall. BlackRock, which oversees $4.65 trillion worldwide, said the Aussie may fall to 70 U.S. cents. Kevin Hebner, a New York-based foreign-exchange strategist J.P.Morgan says the Aussie's record shorts last week reflect concerns about China and expectations for further RBA easing. Bloomberg says the net short position in the Australian dollar was the biggest among major currencies after the euro.


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