Bearish bets stay firm on most Asian FX – Reuters poll

Dhwani Mehta FXStreet

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.

Key findings

“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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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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