Long Positions Were Seen in the Chinese yuan

Long Positions Were Seen in the Chinese yuan

According to 16 polls conducted by Reuters, which lasted two weeks, investors began to turn more towards Asian currencies in hopes of a coronavirus vaccine. Long bets on the Chinese yuan reached the highest level in two years. “The rising positions in the yuan surpassed peers and reached the highest level in two and a half years and reached the levels seen before the trade war between the US and China started. Bull bets on the Philippine Peso and the Indian Rupee have soared. Sensitivity to the two currencies has recently recovered. After the central bank cut interest rates last week, the decline bets for Indonesia rupee more than doubled. Investors have shown a downward trend for the first time in the Thai baht since May. "