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Investors trimmed bearish bets on most Asian currencies as the dollar weakened on hopes of a delay to Fed tapering, according to a Reuters poll of 10 respondents. Bearish bets on the ringgit, peso and baht were largely cut.
The dollar had eased 0.4% over two weeks after slipping from a nine-month high.
Reduced bearish positioning signals less pressure on Asian currencies against the dollar, lowering the local-currency cost of imported feed ingredients.
globalbankingandfinance.commaria gbafAug 27, 2021After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
