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A Reuters poll showed investors scaled back bullish positions in several emerging Asian currencies ahead of the US presidential election. Long bets on the ringgit were cut amid a leadership challenge to Prime Minister Muhyiddin Yassin and rising coronavirus infections.
Reduced investor positioning in Asian currencies signals weaker regional currency demand, which can raise local-currency costs for Asian feed importers.
brecorder.comReutersNov 1, 2020Not 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.
