Bulls move deeper on most Asian currencies on recovery hopes: Report

The dollar, often viewed as a safe-haven, is set for its fourth straight monthly decline, trading at a more than two-year low.

Long positions across most Asian currencies were comfortably raised, a Reuters poll found, as investors turn increasingly optimistic of the region's economic rebound with confidence in the US dollar waning and China primed for a recovery.

Long bets on the Chinese yuan, for example, shot up to their highest since early 2018, a fortnightly poll of 15 respondents showed, with investors consistently raising wagers since turning bullish in July.

With unprecedented amounts of liquidity pumped into markets by the US Federal Reserve and other central banks, investments that would have otherwise been considered risky at a time of an economically-devastating