Reported about 21 hours ago
A recent Reuters poll reveals increasing bearish bets on Asian currencies as the prospect of fewer U.S. interest rate cuts bolsters demand for the dollar, while looming threats of U.S. tariffs diminish the attractiveness of risky assets in the region. The Chinese yuan and several Southeast Asian currencies have seen shorts reach multi-month highs, reflecting market apprehension ahead of President-elect Donald Trump's inauguration, indicating potential challenges for Asian economies amid rising U.S. rates.
Source: YAHOO