Rupiah Bearish Bets Hit Highest Level Since Late 2022
A Reuters poll shows short positions on the Indonesian rupiah have climbed to their highest in over three years due to a firm dollar and high energy prices. While investors maintain long positions on the yuan and Singapore dollar, net oil importers like India and Thailand face continued pressure.
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Bearish bets on the Indonesia rupiah climbed to their highest level since October 2022. A Reuters poll of 11 respondents showed short positions on USD/IDR reached 1.84, up from 1.73 two weeks earlier. Investors are demanding higher returns for riskier assets as a firmer United States dollar and elevated energy prices pressure regional oil importers.
