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Investors bearish on most Asian currencies as U.S. yields climb: Reuters poll


By Rushil Dutta(Reuters) - Investors turned bearish on most Asian currencies in the past two weeks as surging U.S. bond yields pushed the dollar higher, a Reuters poll showed, with short positions in the Indian Rupee at the highest level in 9 months.The yield on the 10-year U.S. Treasury paper breached the 3 percent level earlier this week and is currently hovering around 7-year highs on signs the U.S. economy is on stronger footing in the second quarter. That kept the greenback supported, with the U.S. dollar index up 0.7 percent so far this week, pressuring Asian currencies and other ...

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First Published: Thu, May 17 2018. 13:16 IST