Asia Currencies Seen Vulnerable as U.S.-Iran Talks Face Hurdles -- Market Talk
Dow Jones03-25 09:23
0123 GMT - Asian currencies could face renewed volatility as optimism over U.S.-Iran talks looks premature, with negotiations likely to remain difficult, MUFG Bank's Michael Wan says. "We are ultimately cautious in reading too much into what the U.S. side is claiming at this point in time," Wan says. "The longer the Strait of Hormuz remains closed, the greater the chance of fuel shortages showing up across Asia," he adds. Wan notes domestic fuel prices are now much higher in Asia, pointing to diesel and gasoline pump prices in the Philippines jumping by 60%-90% this month. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 24, 2026 21:23 ET (01:23 GMT)
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