Bullish bets dip in most Asia FX - Reuters poll

A Reuters poll showed that sentiment towards the most emerging Asian currencies deteriorated in the last two weeks, as renewed hopes of global monetary outlook lifted Treasury yields and boosted the demand for the US dollar across the board.

Key findings of the survey (via Reuters):

Reuters conducted a poll of 17 analysts, traders and fund managers.

The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3. A score of plus 3 indicates the market is significantly long USD dollars.

The poll was conducted between Tuesday and Wednesday.

Sentiment toward the Chinese yuan and the Malaysian ringgit improved further, however, with long positions in both currencies touching their largest in a month.

Bearish positions in the Philippine peso increased to their largest since late March after the peso hit its lowest since 2006 on Tuesday.