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AllianzGI Trims Bullish Yuan Bet, Turns Neutral After Rally

AllianzGI Trims Bullish Yuan Bet, Turns Neutral After Rally
Bloomberg Markets Tuesday 16 June 2026, 01:13 UTC By Iris Ouyang 1 min read
Key Points

AllianzGI Trims Bullish Yuan Bet, Turns Neutral After Rally Allianz Global Investors has reduced some of its bullish yuan position and turned neutral, taking profits after a rally that made the Chinese currency Asia’s best performer this year. The fund manager, which oversees about 598 billion euros ($693 billion), trimmed some of its positions that were betting on a stronger yuan and weaker Asian currencies around two weeks ago.

AllianzGI Trims Bullish Yuan Bet, Turns Neutral After Rally Allianz Global Investors has reduced some of its bullish yuan position and turned neutral, taking profits after a rally that made the Chinese currency Asia’s best performer this year. The fund manager, which oversees about 598 billion euros ($693 billion), trimmed some of its positions that were betting on a stronger yuan and weaker Asian currencies around two weeks ago.
Rally Allianz Global Investors (ORG) Chinese (ORG) Asia (LOCATION) Asian (ORG)
Originally published by Bloomberg Markets Read original →

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