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Market News

Asian FX bears firm as US rates, Trump tariff threats stay in focus - REUTERS

JANUARY 09, 2025

By 


Summary

  • Short bets on yuan highest since June 2023
  • Bearish bets on Singapore dollar highest since Oct 2022
  • S.Korean won most shorted Asian currency

Jan 9 (Reuters) - Bearish bets on most Asian currencies climbed to multi-month highs as prospects of fewer U.S. interest rate cuts this year continued to boost dollar demand, while the threat of potential U.S. tariffs undermined the appeal of risky Asian assets, a Reuters poll showed on Thursday.

Short bets on the Chinese yuan rose to their highest since June 2023, while those on the Malaysian ringgit and the Indonesian rupiah reached a seven-month high, according to a fortnightly poll of 13 respondents.

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