Hedge Funds' NZD Short Positions Hit Record 29,582 Contracts by July 14 as Oil Surges Above $90

According to Jin10, hedge funds' net short positions on the New Zealand dollar surged to 29,582 contracts by July 14, up 1,907 from the prior week, marking a record high since 2006. The Commodity Futures Trading Commission (CFTC) data shows traders are betting against the NZD amid concerns over the country's energy-import-dependent economy as crude oil prices climbed above $90 per barrel.
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