Investors stay bearish on Asian currencies as trade war intensifies: Poll

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Investors stay bearish on Asian currencies as trade war intensifies: Poll - Business Standard

Quick Summary:

Last month, the Bank of Thailand cut its interest rate by a quarter point amid government calls for easing to support the economy and weaken the local currency to boost exports.

The rupee and the rupiah, which dropped to its lowest level since March 2020 last week, are the worst performing Asian currencies so far this year.

Bearish bets on the Philippine peso were also lowest since January 2024, with Barclays analysts attributing the currency's outperformance, compared to its peers, to sidelined model flows and relatively absent local dollar demand.