Canada's Prime Minister Carney said a trade agreement with India will be completed before the November G20 summit.

OCBC Group Research strategists say the Fed's persistent hawkish stance should constrain near-term upside for Asian currencies versus the dollar, particularly low-yield and US-Treasury-sensitive FX such as the Thai baht (THB), South Korean won (KRW) and, to a degree, the Singapore dollar (SGD). They added falling oil prices partly offset those pressures by easing current account and inflation strains for oil-importing currencies including the Indian rupee (INR), Philippine peso (PHP) and Indonesian rupiah (IDR).

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