Asian Currencies Weaken Amid Cautious Mood -- Market Talk

Dow Jones03-24

0238 GMT - Asian currencies weaken against the dollar in morning trading amid a cautious mood over President Trump's Truth Social post overnight that he will postpone military strikes against Iranian energy infrastructure for five days. There is a significant economic disruption to Asia, and potential energy shortages are already arising from the Strait of Hormuz closure, affecting the region, MUFG Bank's Michael Wan says in a note. There could also be difficulty in U.S.-Iran negotiations going forward, the senior currency analyst adds. The dollar rises 0.8% to 1,498.10 won and climbs 1.0% to 32.57 baht, while the Australian dollar falls 0.4% to $0.6978, LSEG data show. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

March 23, 2026 22:38 ET (02:38 GMT)

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