OCBC Bank: The recent upside potential of Asian currencies is expected to be limited by the Federal Reserve's hawkish stance

```htmlAccording to Golden Ten Data on June 18, strategists from OCBC Group Research said that, against the backdrop of the Federal Reserve maintaining a hawkish stance, the short-term upside for Asian currencies against the US dollar may be limited, especially for low-yielding currencies and those more sensitive to US Treasury movements, including the Thai baht, Korean won, and to some extent, the Singapore dollar. However, they added that falling oil prices remain a significant offsetting factor, easing current account and inflationary pressures for oil-importing currencies such as the Indian rupee, Philippine peso, and Indonesian rupiah.```