SINGAPORE: Investors turned short on several Asian currencies, a Reuters poll showed, as surging coronavirus cases and deaths across the region forced countries into fresh lockdowns and threatened their recovery from last year’s economic slump.
Most notably, investors turned bearish on the currencies of South Korea, Singapore and Taiwan, and trimmed their long bets on China’s yuan and the Philippine peso, according to a fortnightly poll of 12 respondents.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!