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Asian currencies
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- 1Asian Currencies Consolidate as Rising Oil Prices Loom●Asian Currencies Consolidate, But May Be Weighed by Rising Oil Prices https://www.wsj.com/finance/currencies/asian-curre
Asian currencies were consolidating in quiet trading, but analysts warned the region's currencies could come under pressure if oil prices keep climbing. Higher oil raises import costs for many Asian economies, widening trade deficits and weakening demand for local currencies. Market watchers are tracking energy prices as a key risk to the region's exchange rates in the near term.
- 2Indian Rupee falls to two-month low on fading US-Iran diplomacy hopes●Indian Rupee declines to two-month low as US-Iran diplomacy hopes recede
The Indian Rupee has slipped to a two-month low against the US dollar as prospects for a diplomatic resolution between Washington and Tehran recede. Traders say the breakdown in hoped-for talks has revived geopolitical risk, strengthening the dollar and pushing regional Asian currencies, including the rupee, lower amid renewed concerns over oil prices and capital outflows.