RMB Long Positions Close To Seven Months High

< p > a Reuters poll showed Thursday that in the past two weeks, the number of Renminbi long positions reached nearly seven months high, and the number of Korean won positions increased. However, most of the new Asian currencies still declined slightly.

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< p > according to the survey conducted by 15 analysts, the Korean won has risen in many positions, though the market is widely expected that the Bank of Korea will cut interest rates to boost the economy.

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After the announcement of the interest rate cut announced by the central bank on Thursday, the won rose to a one month high because the central bank president did not hint at further easing the P policy.

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< p > the view of < a href= "http:// www.91se91.com/news/index_c.asp" > RMB > /a > is the most optimistic since the end of January. Under the signs of steady economic growth in China, investors are holding more positions in the renminbi.

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P (ringgit) increased in number, and bought local bonds because of foreign investment.

Investors bought and bought Ringo Singapore to pursue higher returns.

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< p > the long bet on the Thai baht came to its highest level since April 2013, because < a href= "http:// www.91se91.com/news/index_c.asp" > capital inflow < /a >.

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< p > > a href= "http:// www.91se91.com/news/index_c.asp" > Ukraine < /a > geopolitical tension has slightly weakened confidence in most emerging Asian currencies.

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< p > investors are the first to see the empty rupees in India. For the first time since the end of January, India's consumer price index is higher than expected, and industrial production in June is lower than expected.

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< p > Indonesia's rupee storehouse has almost disappeared, because the current account deficit in the second quarter of the country is bigger than expected.

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< p > this Reuters survey focuses on the current positions of nine currencies in emerging Asian markets: RMB, South Korean won, Singapore Poyuan, Indonesian rupee, Taiwan dollar, India rupee, Philippines peso, Malaysia Ma and Thailand baht.

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< p > the survey used the valuation of net long or net short positions, ranging from negative 3 to positive 3.

3 indicates that the market is extremely expensive.

The data include the location of non deliverable forward foreign exchange (NDF).

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