OctaFX | OctaFX Forex Broker
Open trading account

Bullish bets on Chinese yuan trimmed amid China virus outbreak – Reuters poll

Investors turned bullish on the Asian currencies for the first time since June 2017, in light of the US-China phase one trade deal.

Key Findings:

“Long bets on the high-yielding Indonesian rupiah rose to their highest since February 2019, while investors turned bullish on the Indian rupee for the first time in more than five months.

A majority of the 12 poll participants also raised their long positions in the Korean won, the Taiwan dollar and the Philippine peso.

Bullish bets on the Malaysian ringgit rose to their highest since February 2019.

Investors, however, scaled back long bets on the Chinese yuan as the spread of a flu-like virus in China stoked fears of a global pandemic.”

Focus on ECB and Norges Bank meetings – Danske Bank

Analysts at Danske Bank offered a brief overview of Thursday's important market-moving events – the highly anticipated European Central Bank (ECB) mee
Read more Previous

USD/IDR: Rupiah stays near 23-month highs on Bank Indonesia’s status-quo

At its January monetary policy meeting on Thursday, Indonesia’s central bank, Bank Indonesia (BI), maintained its 7-day reverse repo rate at 5.00%, in
Read more Next
Start livechat