GgoogleAU first seen 2 d ago, last 2 d ago, peak #5

Aussie Dollar Slumps to Lowest Level Since July

Original: dollar

The Australian dollar has fallen to its lowest level since July, weighed down by fading expectations of a Reserve Bank of Australia rate hike. Traders are debating whether record short positions against the currency mark a breakout signal or a sentiment extreme. The weakness comes amid broader currency turmoil, with the euro also dropping on high energy prices and street riots in France.

Why now: The Australian dollar's slide to multi-month lows and record short bets are drawing attention from traders and economists.

Australian dollarReserve Bank of Australiaeuro

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Rank over time, top of the chart is #1. 21 snapshots from 2 d ago to 2 d ago.

Evidence

• Aussie Dollar Falls to Lowest Since July as RBA Hike Bets Fade · Bloomberg.com
• AUD/USD: Are Record Short Bets a Breakout Signal or Sentiment Extreme? · FOREX.com
• ‘Weighed down’: Aus dollar sinks · News.com.au
• Euro drops amid high energy prices and street riots in France · Reuters
• FX Daily Snapshot · MUFG Research

Elsewhere

• GgoogleGB #7 · 5 d ago

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