# Fundies add shorts to Aussie dollar rocket - MacroBusiness

> Investment managers at Aberdeen and Schroders are adding short positions on the Australian dollar, expecting it to fall toward 70 US cents over 12 months. They cite Fed rate hikes, a record-low RBA rate, falling iron ore prices and slowing Chinese growth.

- Date: 2018-01-28 · published 2018-01-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/67229-fundies-add-shorts-to-aussie-dollar-rocket-macrobusiness
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a weaker Aussie and softer commodity prices, notably iron ore, signal headwinds for Australian commodity exporters. This is market sentiment rather than a physical supply or demand change for feed ingredients.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-29 | [Time to short the US dollar? - MacroBusiness](https://feedsoft.ai/events/40297-time-to-short-the-us-dollar-macrobusiness.md) | +0.6% | +4.4% |
| DXY | 2023-12-10 | [Australian dollar to fall on strong US jobs - MacroBusiness](https://feedsoft.ai/events/32982-australian-dollar-to-fall-on-strong-us-jobs-macrobusiness.md) | -0.8% | -0.9% |
| DXY | 2018-04-30 | [Australian dollar downgrades flow - MacroBusiness](https://feedsoft.ai/events/65760-australian-dollar-downgrades-flow-macrobusiness.md) | +1.0% | +2.2% |
| DXY | 2022-03-31 | [Searing hot Australian dollar begins to cool - MacroBusiness](https://feedsoft.ai/events/42516-searing-hot-australian-dollar-begins-to-cool-macrobusiness.md) | +0.8% | +3.8% |
| DXY | 2021-11-17 | [FOREX-Rate bets rule currency markets as dollar shines; euro, Aussie sag \| Business](https://feedsoft.ai/events/11955-forex-rate-bets-rule-currency-markets-as-dollar-shines-euro-aussie-sag-business.md) | +0.8% | +1.1% |

## Sources

- macrobusiness.com.au: https://www.macrobusiness.com.au/2018/01/fundies-add-shorts-aussie-dollar-rocket/

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