Asian currencies could see a selective rebound if the US dollar’s rally loses traction, with much of the Federal Reserve’s hawkish policy stance and the resilience in US economic data already reflected in current USD pricing. That leaves the dollar more exposed to weaker-than-expected US labour market figures. A pause in the dollar’s momentum could provide near-term relief across parts of the region. Contained oil prices may also reduce pressure on external balances and inflation for net oil-importing Asian economies, supporting their exchange rates. Within the region, the Indonesian rupiah...