Asian currencies fall amid U.S. tariff worries
Most Asian currencies depreciated against the US dollar after the United States imposed new tariffs ranging between 10% and 12.5% on imports from 60 countries. This heightened inflation concerns due to rising oil prices and US Treasury yields, which reached record levels overnight. As a result, the dollar index remained near its three-week high, with ongoing pressure on regional currencies such as the Japanese yen and the Korean won. Additionally, geopolitical tensions in the energy sector and fears of oil shocks continued to push US bond yields higher, supporting demand for the dollar and raising concerns about persistent inflation and a decline in the value of Asian currencies.
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