According to the latest Reuters poll of 15 analysts, the bearish bets on the Chinese yuan were trimmed after the US Federal Reserve’s (Fed) 50bps rate cut while the investors turned bearish on the Indonesian rupiah, in the face of lingering coronavirus concerns. Key takeaways: “Aided by a weakening dollar, short positions on the Chinese yuan stood at their lowest since early January 2019. Bearish bets on the Korean won and Singapore dollar were also trimmed. Market participants turned bearish on the Indonesian rupiah for the first time since late October as volatility surged in the local markets. investors increased bearish positions on the Malaysian ringgit as its central bank cut rates to a 10-year low on Tuesday. Short bets on the Thai baht also rose, after Bank of Thailand vowed to act appropriately following the Fed’s cut. Investors reduced bullish stakes on the Philippine peso after the central bank reaffirmed its commitment to cutting interest rates further this year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Topping 1.2910 key to extending the rally”” Confluence Detector FX Street 3 years According to the latest Reuters poll of 15 analysts, the bearish bets on the Chinese yuan were trimmed after the US Federal Reserve’s (Fed) 50bps rate cut while the investors turned bearish on the Indonesian rupiah, in the face of lingering coronavirus concerns. Key takeaways: “Aided by a weakening dollar, short positions on the Chinese yuan stood at their lowest since early January 2019. Bearish bets on the Korean won and Singapore dollar were also trimmed. Market participants turned bearish on the Indonesian rupiah for the first time since late October as volatility surged in the local markets. investors increased… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.