The latest Reuters poll 2 fund managers, currency traders and analysts showed on Thursday, investors” sentiment on most Asian currencies improved, as they trimmed their short positions on hopes for a pause in the US-China trade friction at the upcoming G20 summit.
The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3.
A score of plus 3 indicates the market is significantly long U.S. dollars. The figures included positions held through non-deliverable forwards (NDFs).
“Bearish bets on the Indonesian rupiah IDR= fell the most among regional peers as they declined to their lowest since May.
Short positions on the Indian Rupee slackened to their lowest since April.
Bearish bets on the Philippine Peso dropped to their lowest since May.
The Thai baht, however, bucked the trend with short positions increasing marginally.”