Short bets on Indian rupee at highest since April 2020 – Reuters poll
|The bearish bets on the Indian rupee have jumped to the highest since April last year, “as an unabated spike in COVID-19 infections during the second wave of the pandemic sparked strict lockdowns in major cities,” the latest Reuters poll of analysts and fund managers showed on Thursday.
Additional findings
“Long bets on the yuan were at their highest since Feb. 25, with the currency hovering at a two-month high as China leads Asia's economic rebound.”
“Sentiment also held strong for the Taiwan dollar, with bullish positions at their highest since Feb. 11.”
“Bullish views on the Singapore dollar were at their highest since late January. Recent economic data has shown strong improvement in the city-state's key electronic exports, and economic growth is expected to exceed 6% this year.”
“Short bets on Indonesia's rupiah were trimmed as the economy has shown strong signs of recovery amid higher government spending.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.