Reported about 1 month ago
A recent Reuters poll indicates increased bullish bets on many Asian currencies as analysts anticipate U.S. interest rate cuts, leading to a potentially diminished dollar value. Notably, long positions for the South Korean won and Singapore dollar have risen significantly. While bearish sentiment persists for the Indian rupee, currencies like the Thai baht and Chinese yuan are also seeing increased investor confidence. The shifts in currency positions reflect broader economic concerns and changing market dynamics, notably in the wake of declining U.S. job openings.
Source: YAHOO