Asian Currencies Weaken Amid Rising Oil Prices -- Market Talk
Dow Jones05-18
0142 GMT - Asian currencies weaken against the dollar in morning trading amid rising oil prices. This weakness is "particularly true for the oil importers such as INR and PHP, which now face a double whammy of higher oil prices and rising U.S. yields," MUFG Bank's Michael Wan says in a research report. There are also Asian currencies with "domestic headwinds and sensitive to U.S. yields such as IDR," the senior currency analyst says. The dollar edges 0.2% higher to 61.683 Philippine pesos, rises 0.4% to 1,504.00 Korean won and is 0.1% higher at 1.2811 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 17, 2026 21:42 ET (01:42 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments