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Yuan short positions near 5-year high, Asia forex sentiment worsens

Rupee attracts largest long positions in nearly two months

Reuters  |  Singapore 

Short positions on China's yuan hit a near five-year high in the last two weeks as the central bank cut interest rates, adding to a flurry of regional policy easing which is dampening sentiment toward most emerging Asian currencies, a Reuters poll showed on Thursday. India's rupee, however, attracted the largest long positions in nearly two months as the central bank slashed its policy interest rate, boosting hopes of more stock inflows, according to the survey of 18 currency analysts and traders conducted between Tuesday and Thursday. Short positions in the yuan rose to ...

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First Published: Thu, March 05 2015. 14:03 IST