MUFG Forecasts Continued Pressure on Asian Currencies Amid Strong Dollar and High Oil Prices
Thailand Business News
Published
Key summary
MUFG reports that a strong US dollar, elevated Treasury yields, and high oil prices are pressuring Asian currencies, with the Indian Rupee, Indonesian Rupiah, and Thai Baht identified as most vulnerable. The bank maintains its end-2026 forecasts for USD/IDR at 18,350 and USD/THB at 34.10.
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Source report
Thailand Business News
Read original ↗https://www.thailand-business-news.com/currencies/334606-asian-foreign-exchange-markets-remain-under-pressure-as-rising-us-yields-weigh-on-regional-currencies