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Iran’s rial currency hits record low as a shaky ceasefire with the US and Israel holds | Nation & World

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Stock Market

Intel’s best day since 1987 leads the US stock market to more records | State and Regional

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Currencies

Oil Price Surge Threatens Asian Currencies

The currencies of several major Asian oil importers are ripe for depreciation with the spike in international crude oil prices, analysts at Barclays said on Tuesday. The surge in oil prices in recent days “implies risks for most Asian FX in the near term, especially if oil prices move even higher in the event of a potential escalation in the conflict,” Barclays’ analysts wrote in a note to clients carried by Bloomberg. Thailand’s baht, the Taiwanese dollar, and the Korean won are the Asian currencies most at risk of depreciation, according to...