• Most Asian currencies are stronger against the dollar, led by the Korean won amid hawkish comments from the Bank of Korea governor. Peso also rises as the central bank governor pushes back against expectations of easing. Thai auction sees weaker interest.
• Peso was among the top performers in Asia. The Philippine central bank is unlikely to pivot to monetary policy easing in the next few months as inflation risks persist, Governor Eli Remolona said Wednesday.
• Yuan lags all Asian peers as offshore investors offloaded mainland stocks, reflecting weak sentiment toward Chinese assets.
• Thai 5-year yields are steady at 2.49% amid softer auction interest.