Pessimism over Asia FX eases; yuan bearish bets at 3-month low after clampdown: Reuters poll

Pessimism over Asia FX eases; yuan bearish bets at 3-month low after clampdown: Reuters poll
12-Jan-2017 03:01 YAHOO

Sentiment towards most emerging Asian currencies improved in recent weeks, a Reuters poll showed on Thursday, with bearish bets against China's yuan falling to the smallest level in three months after Beijing clamped down on capital outflows and speculators. Bets on the Indonesian rupiah turned bullish for the first time since late October. Bearish bets on five regional currencies fell, including the Singapore dollar, though it saw only a very slight decrease in short positions.