A surprise deterioration in U.S.-China trade talks prompted analysts to dramatic...
- A surprise deterioration in U.S.-China trade talks prompted analysts to dramatically turn bearish on the Chinese yuan.
Short positions on the Chinese yuan were at their highest since mid-December, a fortnightly poll of 12 participants showed. Short positions on the won, the worst performing Asian currency this year, were at their highest since January 2016. Risk appetite was also hurt by a missile test by North Korea earlier in the week.
Investors turned more bearish on the Malaysian ringgit too, with the short bets rising to their highest since mid-December.
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