Good morning, it is Matt right here with all of the information you must begin your week.
Today’s must-reads:
• Shorting the Aussie greenback
• Boosting ties with ASEAN
• Consulting on Meta’s Facebook transfer
Asset managers are turbocharging bearish wagers on the Australian foreign money amid views the central financial institution is extra prone to reduce charges than increase them. Real money funds held a near-record brief Aussie greenback position as of Feb. 27, in keeping with knowledge from the Commodity Futures Trading Commission. That’s even after the RBA mentioned it’s nonetheless contemplating elevating rates of interest to tame inflation.