Investors reduce bearish bets on Asian currencies for the first time in 7 months, turning bullish on the Singapore dollar

Singapore dollar bullish as investors reduce bearish bets on Asian currencies. Singapore's economic growth and inflation support the Singapore dollar, leading investors to turn bullish. The expected rate cut by the Federal Reserve is likely to boost the attractiveness of emerging market currencies, resulting in a decrease in bearish bets on Asian currencies. The Monetary Authority of Singapore seems in no rush to loosen monetary policy, with an economic growth rate of 2.9%. Analysts expect MAS to maintain a hawkish stance. The Singapore dollar's status as a safe haven for investors is solidified. Investors are awaiting macroeconomic data to confirm their bets