Reuters Asia FX poll: Investors estimated to have reduced longs on Chinese yuan

Highlights from the latest Reuters poll on Asian currencies

• Long positions in yuan, rupiah, baht cut
• Investors turn bearish on rupee first time since January
• Bearish bets on Korean won climb

Yuan bull sentiment lowest since April (PBOC have been setting CNY lower)

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Reuters Asian currency positioning poll:

• Focuses on what analysts and fund managers believe are the current market positions in nine Asian emerging market currencies: the Chinese yuan, South Korean won, Singapore dollar, Indonesian rupiah, Taiwan dollar, Indian rupee, Philippine peso, Malaysian ringgit and the Thai baht.
• The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3. A score of plus 3 indicates the market is significantly long U.S. dollars.