# Market piles into massive Australian dollar short - MacroBusiness

> A MacroBusiness market commentary reports that speculators built a large Australian dollar short position last week, while the euro weakened on weak European inflation and Italy's budget deficit plan. It notes oil prices rose and EM stocks fell.

- Date: 2018-09-30 · published 2018-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63303-market-piles-into-massive-australian-dollar-short-macrobusiness
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker euro and stronger dollar typically pressure dollar-priced commodities and emerging-market demand, though the note frames this as routine positioning rather than a new fundamental shift.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2018/10/market-piles-massive-australian-dollar-short/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.