ab 14 November 2025 Global Research ASIA FI/FX Strategy 2026 Outlook: Tailwinds Fade, Trade-offs Begin Closing Windows, Shifting Winds Key themes, Top Trades and our answers to investors' Top FAQs This deck covers top-down and bottom-up themes likely to shape Asian FX and Rates in 2026. Slide 4: Key Themes; Slide 5: cheat sheet of bottom-up views; Slide 8: Top Trades. Global Strategy Global Rohit Arora Strategist rohit-b.arora@ubs.com +65-6495 5232 Teck Quan Koh Strategist teck-quan.koh@ubs.com +65-6495 441 ...