Hedge Funds Turns Up Heat on Kiwi as Inflation Loses Traction

(Bloomberg) New Zealand’s inflation data may go some way to explaining why hedge funds are getting increasingly bearish on the kiwi. Consumer prices rose at the slowest annual pace since 2016 in the first quarter, spurring the central bank to become more dovish at its June policy meeting. Leveraged funds responded by boosting net short positions on the local dollar to the highest since January.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply