Market News
Asian FX bulls gain momentum as dollar stays under pressure - REUTERS
Summary
- Investors turn bullish on S.Korean won, Taiwan dollar, Malaysian ringgit
- Bullish bets on Philippine peso highest in 7-1/2 months
- Shorts bets on Indonesian rupiah trimmed, but investors still firmly bearish
May 1 (Reuters) - Investors ramped up their bullish bets on most Asian currencies, a Reuters poll showed on Thursday, as worries about U.S. trade policies under President Donald Trump continued to weaken the dollar.
Analysts increased their long positions on the Singapore dollar , the Indian rupee , the Thai baht , and the Philippine peso , according to a fortnightly poll of 10 respondents.
They also turned bullish on the South Korean won , the Taiwan dollar and the Malaysian ringgit for the first time since October.
