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2026-05-25 09:04:23
[OCBC: Markets are cautious about geopolitical premiums, oil prices remain a key variable] (1) The market may be reluctant to aggressively reduce geopolitical premiums, especially given the low liquidity during the holidays. (2) Risk indicators should start the week stronger, boosted by hopes of easing tensions between the US and Iran; however, the foreign exchange market may be reluctant to chase gains due to the continued uncertainty surrounding Iran's nuclear program and uranium enrichment details. High-beta currencies such as the Australian dollar and the South Korean won may rise, while the Indian rupee, Indonesian rupiah, and Philippine peso may lag behind. (3) Oil prices remain a key variable: once an agreement is confirmed and oil prices weaken, it could put pressure on yields and the US dollar.
