According to the Reuters poll, investors turned bearish on most Asian currencies amid escalating US-China tariff war and shifted the rush towards the safe-havens.
Investors switched to go short on currencies of Indonesia, Indian, Malaysia and the Philippine.
Increase in bearish positions on China’s yuan outpaced that of its peers, with short bets on the currency climbing to their highest since June.
Short bets were maintained on the Taiwan dollar. The country’s exports unexpectedly dropped in July as Chinese demand fell.
Thailand’s currency was the sole currency in the region to see bullish positions.