Oil prices have risen back above $120 a barrel, increasing pressure on some of Asia’s most fragile currencies, several of which are trading at all-time lows. The move is negative for import-dependent emerging markets by worsening external balances and FX stress, with potential spillovers across regional assets.
Oil prices have risen back above $120 a barrel, increasing pressure on some of Asia’s most fragile currencies, several of which are trading at all-time lows. The move is negative for import-dependent emerging markets by worsening external balances and FX stress, with potential spillovers across regional assets.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.40
