
A notable shift away from AI-linked themes is reshaping Asia FX positioning, according to Societe Generale’s Kenneth Broux. While long South Korean Won (KRW) positions have been trimmed and bearish Indian Rupee (INR) bets have moderated, short New Taiwan Dollar (TWD) positions now stand at a 2.5‑year high.
"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. Know more.)