Bullish bets on Asian FX as easing of China COVID curbs boosts outlook - Reuters poll

Bullish bets on the Singapore dollar and the Malaysian ringgit further consolidated to scale five-year highs as a fizzling U.S. dollar rally and China's pivot from its strict COVID-19 curbs boosted investor appetite for Asian emerging currencies, a Reuters poll showed on Thursday.

Investors were bullish on all nine Asian emerging currencies for the first time in nearly two years, with bets firming after a massive downturn against the greenback last year due to the U.S. Federal Reserve's aggressive monetary tightening.