Reported 2 months ago
A recent Reuters poll indicates that analysts have become bullish on various Asian currencies for the first time in over a year, driven by rising expectations of interest rate cuts by the Federal Reserve and the unwinding of yen-funded carry trades. Notably, bullish sentiments for the Malaysian ringgit and slight optimism for the Chinese yuan emerged, reflecting a broader reduction in long positions on the U.S. dollar against Asian currencies amid favorable market dynamics.
Source: YAHOO