
Short New Taiwan Dollar (TWD) positions have reached a 2.5-year high. Societe Generale’s Kenneth Broux highlights a marked shift in Asia FX positioning away from AI-linked themes. Traders have reduced long South Korean Won (KRW) positions while scaling back bearish Indian Rupee (INR) bets.
"The rotation in Asia FX away from AI is notable, with leveraged accounts lightening up on TWD and KRW."
"According to the latest Reuters FX survey, rotation continues within Asia. Short TWD positions rose to a 2 1/2-year high, long KRW positions nearly halved and bearish INR positioning eased materially."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Learn more.)