Bears fortify bets on Asian FX on resilient US dollar, growth fears: Reuters Poll

From channelnewsasia.com

Analysts' positions on most emerging Asian currencies firmed deep in bear territory, a Reuters poll found, as a resilient dollar, a coerced yuan, a decisively hawkish U.S. Federal Reserve, and global economic headwinds shroud the outlook. Short bets on the Philippine peso, Malaysian ringgit, Thai baht, Indonesian rupiah and Indian rupee inched higher from their already strong positions, signifying a growing weak sentiment, the fortnightly poll of 12 analysts showed. The recent strengthening of the U.S. dollar on the back of outsized rate hikes by the Fed has weighed heavily on regional currencies, with most of them ... (full story)