Bearish bets held steady on Asian FX as virus woes persist: Reuters poll

0
35

A Chinese Yuan banknote is seen in front of displayed stock graph in this illustration taken May 7, 2021. REUTERS/Dado Ruvic/Illustration

  • Thai baht bearish bets highest in six years
  • U.S. dollar hovering around four-month high, drags Asian FX
  • Sentiment reverses on Taiwan dollar to marginally bullish

Aug 12 (Reuters) – Investors remained bearish towards most Asian currencies, with the Thai baht faring the worst as economies across the region continued to struggle with Delta variant outbreaks, while strength in the dollar also weighed, a Reuters poll found.

Short bets were slightly raised on the Chinese yuan , Singapore dollar and the Indian rupee compared to two weeks ago, while they were mostly maintained on the Philippine peso and the Indonesian rupiah , a poll of 11 respondents showed.

Sentiment reversed on the Taiwanese dollar as investors went bullish on the currency for the first time since early July as strong exports data pointed to improved growth…

Read more…