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- Bearish bets on most Asian FX hit record highs amid US dollar upsurge – Reuters poll
Bearish bets on most Asian FX hit record highs amid US dollar upsurge – Reuters poll
According to the latest Reuters poll of analysts and fund managers, investors raised their short positions on the Asian FX to the highest on record amidst the relentless rally in the US dollar on aggressive Fed tightening expectations.
Key findings
“Short positions on the Chinese yuan, the South Korean won, the Singaporean dollar and the Taiwanese dollar all hit their highest levels on record.”
Short bets on the Indonesian rupiah, one of the better-performing currencies in the region this year, were at their highest since late July after the country raised subsidized fuel prices by about 30%.
- USD/INR Price News: Indian rupee slides below 80.00 with eyes on Fed’s Powell
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