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Investors Short the Dollar Against Most EM Asia

Posted by WorldWideMarkets . on Nov 12, 2013 3:12:00 AM

The dollar remains short against seven of the nine most active Asian currencies, according to data from one major house.

The dollar has been short against the Chinese yuan the entire year.

It’s been short the Korean won, the Singapore dollar, the Taiwanese dollar and the Phillipine peso since September 12.

The U.S. unit has been short against the Malaysian Ringgit since September 26, and the Indian rupee since October 10.

Investors are only long the dollar against the Thai Baht, since November 7, and the Indonesian rupiah, the entire year.

Look for changes to sentiment as more investors price in the tapering of the Federal Reserve’s QE. The sentiment change may be one sign of when investors expect QE to finally come. USD resized 600


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