Asian FX: Elections and oil shifts drive divergence – OCBC
FXStreet ·
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.