# Asian FX bears firm as investors mull timeline of US rate cuts - Reuters poll

> A Reuters fortnightly poll of 11 analysts showed rising short positions on the Indonesian rupiah and the Thai baht, with the baht shorts at their highest since October 2022. Analysts cited weak tourism-driven growth in Thailand, a dividend payout season for foreign investors, and a policy disagreement between the government and central bank.

- Date: 2024-04-04 · published 2024-04-04T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/31027-asian-fx-bears-firm-as-investors-mull-timeline-of-us-rate-cuts-reuters-poll
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Persistent pressure on Asian currencies raises import costs for feed-buying Southeast Asian markets and can weigh on local demand. The poll reflects sentiment rather than a direct change in grain or oilseed supply.

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/asian-fx-bears-firm-investors-mull-timeline-us-rate-cuts-2024-04-04/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.