The Zhitong Finance App learned that the New Zealand Federal Reserve's hawkish interest rate hike failed to stop hedge funds' bearish bets on the New Zealand dollar from reaching a record high. For the week ending July 14, the US Commodity Futures Trading Commission (CFTC) data showed that leveraged funds' net short positions against the New Zealand dollar increased to 29,582 contracts, an increase of 1,907 over the previous week, the highest since the agency began publishing relevant data in 2006. Although asset managers cut their net short positions during the same period, their overall bearishness is still close to the high level since December last year.
Zhitongcaijing · 2d ago
Share
Listen to the news
The Zhitong Finance App learned that the New Zealand Federal Reserve's hawkish interest rate hike failed to stop hedge funds' bearish bets on the New Zealand dollar from reaching a record high. For the week ending July 14, the US Commodity Futures Trading Commission (CFTC) data showed that leveraged funds' net short positions against the New Zealand dollar increased to 29,582 contracts, an increase of 1,907 over the previous week, the highest since the agency began publishing relevant data in 2006. Although asset managers cut their net short positions during the same period, their overall bearishness is still close to the high level since December last year.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending