Report
Asian currencies diverge amid high oil prices and AI uncertainty
Bloomberg reports the Philippine peso hit a new low against the dollar, while the won traded near a two-year high.
TLDR
Bloomberg reports that surging oil prices and the AI boom are widening a divide among emerging Asian currencies. The Philippine peso hit a new low against the dollar on October 27, while the Korean won traded near a two-year high. Nikkei Asia reports that worries about AI overinvestment and expensive oil are weighing on Asian currencies, but says central-bank measures helped the rupee and won buck the trend.
Combined views
24.2K
2 Sources, first seen ago