Investors more bullish on yuan, short bets on Thai baht ease: Reuters poll

Bullish bets on the Chinese yuan hit a more than five-month high despite risks from a slowing property sector, while the prospect of an economic rebound led investors to unwind bearish positions in Thailand’s baht, a Reuters poll showed on Thursday.

Short positions in the Indian rupee, Philippine peso, and South Korean won eased further, while market participants turned bearish on the Singapore dollar, the fortnightly poll of 10 respondents found.

Long positions in the yuan consolidated and were at their highest since early June, buttressed by robust industrial output and retail sales data from the world’s second-largest economy this week.

That helped take some of the spotlight away from debt woes at China Evergrande Group and other real estate companies that still weigh on China’s growth momentum and cloud its economic outlook.

China’s frosty relations with the United States…