Asia FX: Rotation away from AI trades – Societe Generale

TradeNews BD equities-FX-crypto note (2026-11-13): Asia FX: Rotation away from AI trades – Societe Generale Societe Generale’s Kenneth Broux details a notable rotation in Asia FX positioning away from… Primary source: original at FXStreet (fxstreet.com).

November 13, 2026 11:14 AM GMT · FXStreet

Societe Generale’s Kenneth Broux details a notable rotation in Asia FX positioning away from AI-linked themes. Short New Taiwan Dollar (TWD) positions are at a 2.5‑year high, long South Korean Won (KRW) positions have been cut, and bearish Indian Rupee (INR) bets have eased.

KRW excels as TWD and INR reposition

"The rotation in Asia FX away from AI is notable, with leveraged accounts lightening up on TWD and KRW."

"According to the latest Reuters FX survey, rotation continues within Asia. Short TWD positions rose to a 2 1/2-year high, long KRW positions nearly halved and bearish INR positioning eased materially."

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