Hedge funds are increasingly adopting bearish positions against various currencies, including the Chinese yuan and the Mexican peso, in anticipation of a potential victory for Donald Trump in the upcoming U.S. presidential election. Hedge fund manager Daniel Loeb has expressed optimism regarding Trump's chances, adjusting his portfolio to reflect a bet on Republican gains and market-friendly policies. Notably, Loeb's strategy includes a focus on the S&P 500 index, indicating a shift in investment strategy ahead of the election.