# Asian Currency Outlook: Bearish Bets Decline as Dollar Eases

> 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.

- Date: 2021-08-27 · published 2021-08-27T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/45814-asian-currency-outlook-bearish-bets-decline-as-dollar-eases
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Reduced bearish positioning signals less pressure on Asian currencies against the dollar, lowering the local-currency cost of imported feed ingredients.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-31 | [Dented dollar on Fed outlook buoys EM currencies - Moneyweb](https://feedsoft.ai/events/56866-dented-dollar-on-fed-outlook-buoys-em-currencies-moneyweb.md) | -0.1% | +0.8% |
| DXY | 2023-03-13 | [Thai baht climbs as Asian currencies gain on weak US dollar](https://feedsoft.ai/events/37133-thai-baht-climbs-as-asian-currencies-gain-on-weak-us-dollar.md) | +0.3% | -1.6% |
| DXY | 2020-11-23 | [Dollar deposits jump as punters bet on currency's rebound](https://feedsoft.ai/events/50396-dollar-deposits-jump-as-punters-bet-on-currency-s-rebound.md) | -0.6% | -1.1% |
| DXY | 2017-01-31 | [EM ASIA FX-Asian currencies firmer as Trump policy worries dent dollar](https://feedsoft.ai/events/73240-em-asia-fx-asian-currencies-firmer-as-trump-policy-worries-dent-dollar.md) | -0.6% | -0.6% |
| DXY | 2018-11-13 | [Explaining our bearish outlook for the dollar \| Lombard Odier](https://feedsoft.ai/events/62250-explaining-our-bearish-outlook-for-the-dollar-lombard-odier.md) | -0.4% | -0.2% |

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/bearish-bets-soften-on-asian-fx-as-u-s-dollar-eases-reuters-poll/

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