A Reuters poll shows short bets on the Indian rupee at a 10‑month high, while bullish positions on the Chinese yuan are the strongest since January 2022. Long bets on the Malaysian ringgit reached a six‑month peak, highlighting diverging investor sentiment across Asia’s currencies amid global economic uncertainty.
A fresh Reuters poll of currency strategists reveals shifting investor sentiment across Asia’s major currencies. Short bets against the Indian rupee have surged to a 10‑month high, reflecting concerns over persistent capital outflows and global risk aversion. The rupee’s weakness is being closely watched as India grapples with external pressures amid volatile oil prices and a strong U.S. dollar.
Key highlights from the poll:
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Indian Rupee: Bearish positions climbed sharply, marking the highest level since early 2025. Analysts cite widening trade deficits and foreign investor caution as drivers.
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Chinese Yuan: Bullish bets reached their highest since January 2022, supported by Beijing’s policy stimulus and signs of economic stabilization. Traders expect the yuan to benefit from stronger exports and capital inflows.
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Malaysian Ringgit: Long positions hit a six‑month peak, buoyed by resilient commodity prices and improved investor confidence in Southeast Asia’s growth outlook.
The poll underscores diverging trajectories: while India faces headwinds, China and Malaysia are drawing optimism from policy support and external demand. Currency strategists warn that global monetary tightening and geopolitical risks could still sway these positions in the near term.
Sources: Reuters