BlackRock Reports Investors Lining Up to Short AUD

Apparently investors are just lining up to get the Australian dollar off their hands, according to the view of BlackRock, Inc. (NYSE:BLK)'s managing director Michael Trudel.  While speaking to the Wall Street Journal's James Glynn, Trudel said that there is rarely anyone they have met recently who has shown any inclination to go long AUD. We have been following the AUD short story ever since news broke that George Soros could be shorting the Aussie.

AUD: The New Bandwagon

Trudel added that there are a number of noted hedge fund managers who have...