Investors increased bearish bets on most Asian currencies, as a stuttering post-pandemic recovery in China, the world's second-largest economy, weighed on sentiment, a Reuters poll showed on Thursday.
Bearish bets on Thailand's baht and the Malaysian ringgit rose to their highest since early November, while investors raised their short positions on the yuan , according to the fortnightly poll of 12 analysts.
The yuan has weakened 4.8% so far this year as weak consumer and private sector demand has sapped momentum from the post-pandemic recovery in China. Bearish bets on the Philippine peso eased to a more than two-month low, while analysts stayed bullish on the Indian rupee , the sole outlier in the pack.
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