By Himanshi Akhand
(Reuters) – Short bets on most Asian currencies firmed to touch multi-month highs as growing expectations of U.S. interest rates staying higher for longer dampened appetite for riskier assets, a Reuters poll showed on Thursday.
Bearish positions on the South Korean won, the Singapore dollar, the Philippine peso and the Thai baht rose to their highest level since mid-October 2022, according to a fortnightly poll of 12 analysts.
“Most EM risk premium is low when considering how much yields have converged, if not have been overtaken, by those in the U.S. So the willingness to have open EM FX…
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