Korean Won, Taiwan Dollar Lead Asia FX Gains as Lower US Yields Offset Oil Risk
MUFG’s Lloyd Chan notes the Korean won and Taiwan dollar are outperforming in Asia FX as softer US yields and a resilient tech cycle ease oil-price concerns.
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Asia FX sentiment is improving as softer US Treasury yields help counter oil-price risk, according to MUFG. Lloyd Chan highlights that the Korean won and Taiwan dollar are leading gains among regional currencies.
The outperformance is supported by a resilient technology cycle and lower US yields, which are cushioning Asia FX from energy-related pressures.
Source: FXStreet Forex News