Yuan short positions smallest since late April on PBOC – Reuters Poll

According to the latest Reuters poll, Bearish bets on the Chinese yuan fell to a more than three-month low in the last two weeks as the central bank stabilized the currency after it fell through a key psychological level.

Bullish bets on some regional currencies were the highest in two to three years, according to the poll of 20 fund managers, analysts and currency traders conducted from Tuesday through Thursday.

Last month, the renminbi weakened past the psychologically important 6.7 per dollar mark, nearing six-year lows. But it has rebounded 1 percent since then as the central bank intervened to slow down the pace of its depreciation.