A Reuters poll shows investors firming bullish bets on the Malaysian ringgit, Thai baht, Taiwan dollar, and Singapore dollar. Long positions on the Chinese yuan have surged to their highest level since April 2010, reflecting optimism over regional growth prospects and easing concerns about China’s economic slowdown.
Asian currencies are witnessing renewed investor confidence, according to the latest Reuters poll. Market participants have increased bullish bets on the Malaysian ringgit, Thai baht, Taiwan dollar, and Singapore dollar, signaling optimism about regional economic resilience. The standout development is the surge in long positions on the Chinese yuan, which have reached their highest level since April 2010.
Analysts attribute this trend to expectations of policy stability in China, improving trade flows, and easing concerns over growth risks. The yuan’s strength is seen as a key driver of sentiment across Asia, with investors positioning for potential gains in regional currencies. The poll highlights a broader shift toward Asian assets as global markets adjust to monetary policy signals from the US and Europe.
Currency Sentiment
Bullish bets firm on Malaysian ringgit, Thai baht, Taiwan dollar, and Singapore dollar.
Yuan Momentum
Long positions on the Chinese yuan hit their highest since April 2010.
Market Drivers
Optimism fueled by policy stability, trade flows, and easing growth concerns in China.
Key Highlights
-
Investors increase bullish bets on Asian currencies
-
Chinese yuan long positions at record levels since 2010
-
Regional optimism driven by trade and policy outlook
-
Shift toward Asian assets amid global monetary adjustments
Future Outlook
With investor sentiment strengthening, Asian currencies are expected to remain resilient. The yuan’s momentum could set the tone for regional markets, while broader economic stability will be crucial in sustaining confidence.
Sources: Reuters, Economic Times, Business Standard