Long bets on yuan near six-month high, ringgit bears firm


The Asian currency positioning poll is focused on what analysts and fund managers believe are the current market positions in nine Asian emerging market currencies: the yuan, won, Singapore dollar, rupiah, Taiwan dollar, Indian rupee, peso, ringgit and baht.

SINGAPORE: Bullish bets on the Chinese yuan hit a near six-month high after a rally against the US dollar, a Reuters poll showed yesterday, while investors were long on most Asian currencies as nations ramped up their Covid-19 vaccination plans.

After turning bearish on several units last month, market participants were now long on Singapore dollar, the Taiwanese dollar and the South Korean won, according to a fortnightly poll of 12 respondents.

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