Investing.com investing.com 14 Jan, 2021 06:15 am

Bullish bets on Asian FX trimmed as investors eye high U.S. yields

Bullish bets on Asian FX trimmed as investors eye high U.S. yields
Bullish bets on Asian FX trimmed as investors eye high U.S. yields: Reuters poll

FILE PHOTO: South Korean won, Chinese yuan and Japanese yen notes are seen on U.yields shot up, a Reuters poll found, with bets almost halved on the South Korean won and Taiwan's dollar.The low-yielding South Korean won saw bullish views being cut to their lowest in three months, with investors concerned about the deteriorating COVID-19 situation in the country after the third wave of infections last month nearly broke its healthcare system.The Reuters survey is focused on what analysts believe are the current market positions in nine Asian emerging market currencies: the Chinese yuan, South Korean won, Singapore dollar, Indonesian rupiah, Taiwan dollar, Indian rupee, Philippine peso, Malaysian ringgit and the Thai baht.

As a result, bullish bets on the Chinese yuan , Singapore's dollar, Malaysia's ringgit and the Thai baht were trimmed for the first time since COVID-19 vaccines were announced in early November, the poll of 15 respondents showed.100 dollar notes in this picture illustration taken in Seoul (Reuters) - Investors scaled back long positions in Asian currencies as the outlook for emerging market debt soured after U.

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