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Asian FX: Geopolitics drives setback and two-way trade – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong argue that Asian FX will likely unwind Friday’s rally after Iran’s renewed closure of the Strait of Hormuz. High‑beta KRW is seen leading the pullback, while TWD, INR, THB and PHP also soften on Oil sensitivity.
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China: Slowing growth with modest policy support – BNP Paribas

BNP Paribas reports China’s Gross Domestic Product (GDP) growth at 5.0% year-on-year in Q1 2026 and for 2025 overall, with a moderate slowdown expected in 2026. The bank highlights a K-shaped pattern, with strong exports but weak domestic demand and a persistent property crisis.
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