Story perspectives
MUFG: U.S.-Iran Conflict De-escalation Crucial for Asian Currencies
3/26/2026
1 of 1
Story summary
- A MUFG Bank report says de-escalating the U.S.-Iran conflict is essential to stabilize Asian currencies.
- Lloyd Chan of MUFG Bank says normalization of energy flows through the Strait of Hormuz is critical.
- The dollar is slightly higher against the Thai baht, Philippine peso, and Korean won.
- OCBC Global Research notes that Asian currencies show early stability but remain at risk if the conflict worsens, despite anticipated policy intervention.
