Short bets on Thai baht, Singapore dollar lowest in 6 months
Short position on Philippine peso ease to 3monthlow
Bearish bets on Indonesian rupiah lowest since March

July 11 Reuters Short positions on most Asian currencies eased, as rising expectations of at least two rate cuts by the U.S. Federal Reserve this year and an easing dollar boosted risk sentiment, a Reuters poll found on Thursday.

Bearish bets on the Singapore dollar and the Thai baht were at the lowest since early January, while those on the Indonesian rupiah eased to their lowest level since midMarch, according to a fortnightly poll of 11 analysts.

Growing expectations of the Fed39;s two rate cuts this year after a slew of worsethanexpected economic data was the main factor in bearish bets easing, said Poon Panichpibool, a markets strategist at Krung Thai Bank.

Fed Chair Jerome Powell has said more good data would build the case for the U.S. central bank to cut interest rates.

Investors now await the release of June inflation data from the U.S., due later on Thursday, which is expected to show inflation cooling and make a case for a September rate cut.

If the market remains certain on the Fed delivering two rate cuts this year, then highyielding emerging market currencies such as the Indian rupee and the Indonesian rupiah could outperform lowyielding peers, Panichpibool added.

The Indian rupee , the best performer in the region so far this year, was among the leastshorted currencies.

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