Investors trim bearish bets on most Asian currencies – Reuters poll

According to the latest Reuters poll of eleven respondents, the investors regained their confidence on most Asian currencies over the last two week, despite renewed trade war fears.

Key Findings:

“Investors cut bearish bets on the Indian rupee to the lowest in over three months.

Last week, the Reserve Bank of India raised interest rates for the second consecutive policy meeting, retaining its “neutral” stance, aiming to cap inflation.

Bearish bets on the Indonesian Rupiah were at their lowest since May 31.

Indonesia’s central bank has been the most aggressive in Asia this year, hiking its benchmark rate 100 basis points between mid-May and the end of June.

Short positions on the Thai Baht eased slightly.

Thailand has kept policy settings unchanged since a cut in April 2015.”