Long positions pile on Chinese yuan, Asian FX bulls maintain momentum ...Middle East

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Long positions pile on Chinese yuan, Asian FX bulls maintain momentum: Reuters pollFull StoryBullish bets on the Chinese yuan strengthened after a bazooka of stimulus measures led to global investors reallocating funds to Asia's largest economy, while long positions in most other emerging Asian currencies were largely steady, a Reuters poll showed on Thursday.Long positions on the Chinese currency hit their highest since late January 2023, with analysts maintaining their bullish streak on the yuan for a fifth consecutive iteration of the fortnightly poll."The stimulus measures came in as a surprise and were larger than expected, given the base was already low. There is a positive bias in the

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Last updated : 03 October 2024 clock 12:09 PM

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Long positions pile on Chinese yuan, Asian FX bulls maintain momentum ...Middle East

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