Asia FX sentiment worsens on Fed policy bets

SEOUL: Sentiment towards most emerging Asian currencies worsened in the last two weeks with short positions in India's rupee near a two-year high as expectations firmed that US interest rates will move higher by year end, a Reuters poll showed on Thursday.

Short positions in the rupee reached their largest since August 2013 as the currency fell on expectations the
Reserve Bank of India will deliver its third rate cut this year at next week's policy review, and on month-end corporate dollar demand.