(Bloomberg) Hedge funds may have picked a bad time to add to bets against Australia’s dollar, this month’s best-performing major currency.Commodity Futures Trading Commission data showed large speculators increased positions wagering on Aussie declines by 83 percent in the space of three weeks to a net 66,464 contracts as of Nov. 17. That’s the most since a record short bet on March 10, when bears were caught on the wrong side of a 6.4 percent rally over two months.
Hedge Funds Betting Against Aussie Risk Losses as Swings Subside
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