# Investors trim long bets on Asia FX ahead of US election - Markets - Business Recorder

> 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.

- Date: 2020-11-01 · published 2020-11-01T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/50415-investors-trim-long-bets-on-asia-fx-ahead-of-us-election-markets-business
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Reduced investor positioning in Asian currencies signals weaker regional currency demand, which can raise local-currency costs for Asian feed importers.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40029973

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