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Bearish bets on Asian currencies recede slightly, but caution prevails: Reuters poll

Reuters 

By Ambar Warrick(Reuters) - Investors trimmed their bearish positions on emerging Asian currencies over the past two weeks, a Reuters poll showed, although escalating Sino-U.S. tensions worsened the mid-term outlook for regional units.Risky asset classes such as regional equities and currencies were battered over the past few months amid a deepening dispute on trade the United States and China. President Donald Trump's administration on Tuesday threatened China with 10 percent tariffs on $200 billion worth of Chinese imports, prompting a tumble in equity and foreign exchange markets. China ...

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First Published: Thu, July 12 2018. 13:17 IST
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