Investors take long positions in Asian currencies for first in two months – Reuters

FX

In a sign of confidence that the US trade and foreign policy under Democrat Joe Biden’s leadership would be less confrontational, investors have taken bullish bets in the Asian currencies for the first time in two months, a Reuters poll shows. 

Key points

Bullish positions in the Chinese yuan and Singapore dollar have strengthened, according to the fortnightly poll of 16 respondents.

Sentiment towards the Indonesian rupiah has reversed, with positions now turning bullish after more than two months.

Bets on the Thai baht have turned firmly bullish, climbing to their highest level since late January.

Bullish bets on the South Korean won have outpaced those on its peers and stand at their highest since early July 2014.

Articles You May Like

Pound Sterling gains as investors shrug off increased BoE dovish bets
The USDCHF has fallen below the 100H MA, trendline support and swing area support @ 0.8956
USDJPY dip holds above the 100 hour MA
Santa Claus stuffs stock market portfolios in a holiday-shortened session
US November durable goods orders -1.1% vs -0.4% expected

Leave a Reply

Your email address will not be published. Required fields are marked *