Asia FX: KRW and MYR lead firmer profile vs USD – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong have revised their Asian FX forecasts to be slightly more favorable against the US Dollar (USD), with notable upgrades for the South Korean Won (KRW) and Malaysian Ringgit (MYR). The revision is primarily due to stronger domestic fundamentals in Korea, improved exporter flows, and reduced concerns over capital outflows.

Meanwhile, Malaysia's outlook is bolstered by resilient growth, supportive external balances, and fading political noise. The revisions reflect recent market developments and shifts in underlying FX drivers over the past few weeks. The analysts note that Asian currencies are expected to follow a differentiated path rather than a uniform trend, with the extent and pace of gains contingent on country-specific fundamentals, monetary policies, fund flows, and external developments such as yield shifts and oil price movements.

Brief written by urgent.news from FXStreet's own syndicated text. Machine-written — may contain errors; check the original before relying on it.