Flash: AUD bearishness close to record levels - Scotiabank

FXstreet.com (Barcelona) - Camilla Sutton, Chief Currency Strategist at Scotiabank notes that AUD bearishness is close to record levels.

Key Quotes

“Bearish sentiment is near record levels as investors remain reluctant to build long positions ahead of the RBA, given expectations for easing.”

“The continued decline in AUD also leaves bearish investors comfortable with the record size of their position.”