Asian FX: Elections and oil shifts drive divergence – OCBC
FXStreet · FXStreet Insights Team ·
Christopher Wong at OCBC explains that Asian FX performance is diverging following US midterms. Lower Oil prices and softer US Treasury yields are seen as supportive for THB, PHP and INR, while ongoing AI and tech equity weakness and foreign outflows may pressure KRW and TWD. Markets are watching US yields and payrolls for further direction.
Christopher Wong at OCBC explains that Asian FX performance is diverging following US midterms. Lower Oil prices and softer US Treasury yields are seen as supportive for THB, PHP and INR, while ongoing AI and tech equity weakness and foreign outflows may pressure KRW and TWD. Markets are watching US yields and payrolls for further direction.
Oil, yields and tech shape Asia FX
"Asian FX saw differentiated trades post-midterms. Lower oil prices and US Treasury yields could support recovery in THB, PHP and INR, while continued AI/tech selloff and foreign equity outflows may weigh on KRW and TWD. Focus remains on US Treasury yields and US payrolls tonight."
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