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.
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. Things are also looking up in Thailand where the reopening of the tourism sector has raised hopes of an economic revival following a sharp coronavirus-driven slump since last year.
"Consumer and business confidence have started to benefit from looser virus curbs and should continue to tick higher, but have some room to catch up from still weak levels," he said, adding that tourism would also take time to reach pre-pandemic levels.
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