OCBC Warns Asian FX Vulnerable on Dollar Strength, Risk-Off
OCBC strategists Sim Moh Siong and Christopher Wong expect Asian currencies to start the week softer, citing AI-led equity losses and renewed US–Iran tensions supporting the dollar.
OCBC's Sim Moh Siong and Christopher Wong predict Asian FX will open the week on a weaker footing as risk-off sentiment and a stronger dollar dominate markets. The analysts point to losses in AI-linked equities and renewed US–Iran geopolitical tensions as key factors keeping the dollar bid.
Asian currencies remain vulnerable to further downside if risk aversion persists. The dollar's strength is expected to continue weighing on the region's exchange rates in the near term.
Source: FXStreet Forex News