Reuters poll: Fed December hike views sting Asia forex sentiments

According to the latest Reuters poll on the impact of a Dec Fed rate hike on the forex markets, a majority of the analysts and currency traders noted that the sentiment towards most emerging Asian currencies stayed pessimistic with US interest rates expected to rise.

Key findings from the survey:

The Yuan’s short-positions rose to the largest since early January

The poll showed bearish bets on South Korea's won  were their largest since late May as foreign investors continued to sell local bonds.

Bearish positions in the Singapore dollar's rose to their largest since October last year

Bearish bets on the Philippine peso were slightly reduced due to speculation that President Rodrigo Duterte's foreign visits would generate an inflow of business, despite diplomatic strains with the United States.

Reuters poll was conducted of 21 fund managers, analysts and currency traders between Tuesday and Thursday.