Global Forex and Fixed Income Roundup: Market Talk

Dow Jones03-23

The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.

0414 GMT - If oil prices rise to $120 a barrel, it could pose meaningful risks to Asia's growth, Morgan Stanley analysts say in a research note. The analysts reckon that a sustained $10 a barrel rise in oil prices will likely directly weigh on Asia's GDP growth, by 20-30 basis points. If oil rises to $120 a barrel, it would take Asia's oil and gas burden to 6.3% of GDP, they note. If the conflict drags on and commodity prices stay high, it will also erode the extent of the policy buffers that can be put in place, they say. Central banks in the Philippines, Indonesia, India, and Korea may have to take up rate hikes from late 3Q or 4Q if the conflict persists, they add.(sherry.qin@wsj.com)

(END) Dow Jones Newswires

March 23, 2026 00:14 ET (04:14 GMT)

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