News for INR/MYR (INRMYR)

Asian FX bears firm on Middle East tensions, hawkish Fed fears: Reuters poll

Bearish bets on Asian currencies firm as weak China growth weighs: Reuters poll

Bearish bets on Asian FX return on renewed woes over Fed rate hikes - Reuters poll

Investors returned to placing bearish bets on all Asian currencies shortly after on the increasing likelihood that the U.S.

Bearish bets on several Asian currencies hit a record high, driven by a slump in the Chinese yuan and a towering dollar as investors brace for more Federal Reserve rate hikes, a Reuters Poll found.

Short positions in the South Korean won, the Singapore dollar , the Malaysian ringgit, and the Philippine peso hit their highest on record, according to the fortnightly poll of 10 respondents. The greenback was perched at a two-decade high this week, as red-hot U.S. inflation data increased the likelihood of more aggressive interest rate hikes from the Federal Reserve.

Investors stayed bearish on most

Investors unwound bearish bets on the

Developing economies are more vulnerable to new virus strains due to lower vaccination coverage, slower pace of vaccination and the nature of their vaccines. Global economic recovery and rising interest rates by major central banks increase pressure on domestic policymakers and country balance sheets.

Investors switched to long positions on