07-10-2021, 01:22 PM
Dollar strength holds back Asian FX; rupee bears re-emerge
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Investors raised short bets on most Asian emerging currencies, a fortnightly Reuters poll found, as a slew of factors including U.S. rate-hike expectations, rising inflation and signs of slowing global economic growth boosted the dollar.
Every casino game should be approached with สมัครslotxo a specific money management plan. This is consistent with the specifics of the game and slots are almost no exception. In fact, bank management
Long positions on the Singapore dollar, Taiwan's dollar and the Indian rupee were reversed, while bearish views on the South Korean won hit a two-year peak, the poll of 12 respondents showed.
The Indonesian rupiah was the only currency with a bullish trend, although long bets were almost halved.
The safe-haven greenback has risen to a one-year high since the Federal Reserve's hawkish tilt two weeks ago led markets to price in a rate hike sometime in 2022, with sharp gains in benchmark Treasury yields adding to its appeal.
The dollar is expected to dominate the currency markets for another year as inflation concerns come to the fore, with surging energy prices amid a supply crunch threatening global economic growth.
Asia's economic prospects have already been marred by China's slowdown, supply chain bottlenecks and lingering effects of devastating COVID-19 waves in trade-reliant countries like Singapore, Thailand and the Philippines.
However, bets on the yuan barely changed as the currency remained resilient despite a debt crisis at property giant China Evergrande, which HSBC partly attributed to the onshore market's hope for a policy fine-tuning by the Chinese central bank.
Investors raised short bets on most Asian emerging currencies, a fortnightly Reuters poll found, as a slew of factors including U.S. rate-hike expectations, rising inflation and signs of slowing global economic growth boosted the dollar.
Every casino game should be approached with สมัครslotxo a specific money management plan. This is consistent with the specifics of the game and slots are almost no exception. In fact, bank management
Long positions on the Singapore dollar, Taiwan's dollar and the Indian rupee were reversed, while bearish views on the South Korean won hit a two-year peak, the poll of 12 respondents showed.
The Indonesian rupiah was the only currency with a bullish trend, although long bets were almost halved.
The safe-haven greenback has risen to a one-year high since the Federal Reserve's hawkish tilt two weeks ago led markets to price in a rate hike sometime in 2022, with sharp gains in benchmark Treasury yields adding to its appeal.
The dollar is expected to dominate the currency markets for another year as inflation concerns come to the fore, with surging energy prices amid a supply crunch threatening global economic growth.
Asia's economic prospects have already been marred by China's slowdown, supply chain bottlenecks and lingering effects of devastating COVID-19 waves in trade-reliant countries like Singapore, Thailand and the Philippines.
However, bets on the yuan barely changed as the currency remained resilient despite a debt crisis at property giant China Evergrande, which HSBC partly attributed to the onshore market's hope for a policy fine-tuning by the Chinese central bank.
