Asian Currencies Consolidate But Ongoing Mideast Conflict Could Weigh -- Market Talk

Dow Jones03-23

0037 GMT - Asian currencies consolidate against the dollar in early trade, but could be weighed down by the ongoing Middle East conflict. "We expect military escalation and higher oil prices," CBA's Global Economic & Markets Research team says in a research report. "The USD benefits from its safe haven status and the U.S.' energy independence," the team says. The "USD will largely be a function of news about the Iran war in the absence of important U.S. economic data this week," the team adds. The U.S. dollar is flat at 159.25 yen but is 0.1% higher at 1,506.05 won, while the Australian dollar is 0.1% higher at $0.7007, FactSet data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 22, 2026 20:37 ET (00:37 GMT)

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The \"USD will largely be a function of news about the Iran war in the absence of important U.S. economic data this week,\" the team adds. The U.S. dollar is flat at 159.25 yen but is 0.1% higher at 1,506.05 won, while the Australian dollar is 0.1% higher at $0.7007, FactSet data show. 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The \"USD will largely be a function of news about the Iran war in the absence of important U.S. economic data this week,\" the team adds. The U.S. dollar is flat at 159.25 yen but is 0.1% higher at 1,506.05 won, while the Australian dollar is 0.1% higher at $0.7007, FactSet data show. 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