Bearish bets stay firm on most Asian FX – Reuters poll
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According to the latest Reuters poll of analysts and fund managers, the bearish bets on most Asian currencies have gathered strength amidst unabated US dollar strength and global recession fears.
“Short positions in the yuan, which have been at multi-year highs in recent weeks, rose marginally in the last two weeks.”
“Similar bets on the Malaysian ringgit and the Indian rupee also inched higher.”
“Short positions in the Singapore dollar, however, narrowed in the past weeks as the island-state’s currency was better positioned to handle the storm of rising rates.”
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