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fxJun 5, 2026, 4:59 PM

KRW and IDR Face Pressure Despite Softer Oil Prices - OCBC

OCBC's FX strategist Sim Moh Siong notes that softer oil prices offer only limited relief to Asian FX, with the Korean Won and Indonesian Rupiah still pressured by equity outflows and policy uncertainties.

USDKRWUSDIDR

OCBC's FX strategist Sim Moh Siong said that the recent decline in oil prices has provided only limited relief for Asian currencies. The Korean Won (KRW) and Indonesian Rupiah (IDR) remain under technical strain due to persistent equity outflows and policy-related uncertainties.

According to the strategist, these outflows are weighing on the regional FX outlook, despite the slight easing in energy costs. Investors are advised to monitor capital flow trends and domestic policy developments for further direction.

Source: FXStreet Forex News