Oil Drop Cushions Asia Economies as Fed Threatens Currencies

  • India, Thailand can benefit while battling falling exports
  • Oil helps differentiate the losers, according to Mizuho Bank

Narendra Modi, India's prime minister. Photographer: Nicky Loh/Bloomberg

The slump in crude prices is hardly a silver bullet for Asian economies bracing for the fallout from rising U.S. interest rates. But it’s a welcome cushion.

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