Currencies

Currencies

Wan says Asian currencies stayed resilient amid a softer dollar, as Middle East ceasefire tensions prompted caution

Asian currencies have remained steady alongside a weaker US Dollar, despite renewed tensions around a two-week ceasefire in the Middle East that is less than a day old. Market sentiment has stayed relatively positive, with Asian exchange rates holding up so far even as the ceasefire shows early strains. Asian Currencies Hold Firm Physical oil flows through the Strait of Hormuz are still constrained. Ship traffic has improved in the number of vessels leaving the Strait, supported by tolls from Iran, the Oman route, and diplomatic talks. Overall traffic levels...
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