Asian Currencies Consolidate as Traders Eye Middle East Developments -- Market Talk

Dow Jones03-25 08:37

0037 GMT - Asian currencies consolidate against the dollar in early trade. The "markets will likely remain cautious as investors juggle Middle East geopolitical risks and volatile oil prices, which continue to drive inflation expectations," UOB's Global Economics & Markets Research team says in a note. Participants will probably "focus on the developments in the Middle East especially the interaction between the U.S. and Iran and the prospects of reopening of Strait of Hormuz," the team adds. The dollar is little changed at 158.75 yen and is 0.2% lower at 1,493.14 won, while the Australian dollar is flat at $0.6996, FactSet data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 20:37 ET (00:37 GMT)

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Participants will probably \"focus on the developments in the Middle East especially the interaction between the U.S. and Iran and the prospects of reopening of Strait of Hormuz,\" the team adds. The dollar is little changed at 158.75 yen and is 0.2% lower at 1,493.14 won, while the Australian dollar is flat at $0.6996, FactSet data show. 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