Investors trim bearish bets on most Asian currencies as Sino-US trade tensions ease
Updated : August 23, 2018 11:49 AM IST
The rupee hit an all time low on 69.62 per dollar on August 13. India faces significant headwinds as rising oil prices could spur its trade deficit and prop up inflation, which remains a central concern.
Short positions fell to their lowest since late-May, when bets on the Chinese currency were slightly bullish.
The broad lift in sentiment towards emerging Asian currencies came on rising optimism over ongoing US-China trade talks, and after US President Donald Trump's critique of Federal Reserve's interest-rate hike cycle led to a weakness in the dollar.
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