Rising Bullish Bets on Asian Currencies Amid Dollar Pressure

According to Odaily, a Reuters survey of analysts indicates an increase in bullish bets on several emerging Asian currencies due to ongoing pressure on the U.S. dollar. The survey, which included eight analysts, reveals growing optimism among traders towards the Singapore dollar, Thai baht, and Indian rupee, while long positions on the Philippine peso have reached their highest since early October. Analysts from HSBC Holdings noted that the 'silver lining' for all Asian currencies is the challenges faced by the dollar itself. The low position of the dollar index helps mitigate the upward risk of the dollar against Asian currencies.