Asian forex bears climb multi-year highs as short bets on Thai baht rise most

BANGKOK, July 15 (Reuters): Bearish bets on nearly all Asian currencies firmed to new multi-year highs, as fears of an impending recession from rapidly rising interest rates to rein in sky-high inflation dampened sentiment, a Reuters poll has showed.

Short positions on the Thai baht, the Philippine peso and the Singapore dollar were at their highest since 2018, when data was first available, according to a fortnightly poll of 13 respondents.