Asia, including Malaysia, FX bears hit record high on hawkish Fed

Short positions in the the Malaysian ringgit, South Korean won , the Singapore dollar and the Philippine peso hit their highest on record, according to the fortnightly poll of 10 respondents.

Bearish bets on several Asian currencies, including the Malaysian ringgit (pic) hit a record high in the face of rising U.S. interest rates that supported the dollar, while repeated COVID-19 lockdowns threatened to disrupt economic recovery in China, a Reuters poll found on Thursday.

Short positions in the South Korean won , the Singapore dollar , the Malaysian ringgit , and the Philippine peso hit their highest on record, according to the fortnightly poll of 10 respondents.