As cross-border international trade and investments gather pace in Southeast Asia, OCBC empowers its clients with a suite of bespoke FX products and services to
Birchstone Markets’ benchmarking data highlights concerns about the bottom line, and reduced business and FX confidence. Financial Directors are focused.
Asian markets are set to open on the defensive on Thursday, with investors anticipating another slump in Chinese trade activity against a backdrop of rising U.S. bonds yields, new 2023 highs in oil prices and a steep selloff on Wall Street. Malaysia's central bank is expected to keep interest rates on hold at 3.00% for a second meeting, Chinese FX reserves data and Australian trade figures are also due, and G20 finance and energy ministers meet in India ahead of the leaders' summit this weekend. Good news for oil exporters, not so good for oil importers like Japan, which imports almost all its energy.