Oil shock and Fed stance pressure – OCBC

Oil shock and Fed stance pressure – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong highlight that most Asian FX traded softer as Brent’s rise toward USD120/bbl, inflation risks and hawkish Fed repricing weighed on sentiment. The impact has been uneven, with South Korean Won (KRW) and Oil-sensitive Philippine Peso (PHP) and Thai Baht (THB) under more pressure, while Renminbi (RMB) has […]