# Investors stay bullish on Asia FX; won gets boost on GDP data, offshore demand: Reuters poll

> Reuters poll of 10 analysts, traders and fund managers found investors remained long most Asian currencies, with bullish bets on the Korean won turning positive for the first time since late August. The won was supported by strong South Korean GDP growth and October inflation near the Bank of Korea's 2 percent target, while the dollar weakened on reports Trump picked Jerome Powell to lead the Fed.

- Date: 2017-11-02 · published 2017-11-02T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/68244-investors-stay-bullish-on-asia-fx-won-gets-boost-on-gdp-data-offshore-demand
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves in the won, yuan and baht affect the purchasing power of Asian feed importers and the local-currency cost of imported feed ingredients; a firmer Asian currency basket modestly eases import costs.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼
- USDKRW: bearish ▼
- USDTHB: bearish ▼

## Sources

- zeebiz.com: https://www.zeebiz.com/agencies/investors-stay-bullish-on-asia-fx-won-gets-boost-on-gdp-data-offshore-demand-reuters-poll-30070

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