Asia's Currencies Under Strain Amid Iran War and Soaring Oil Prices

Asian currencies are facing pressure from soaring oil prices and a surging dollar, testing the foreign-exchange reserves built up after the 1997 crisis, amidst the Iran War.

22 May, 04:00 — 22 May, 04:00

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NYTMostly Factual4d ago

Thousands of Miles From the Iran War, Asia’s Currencies Feel the Strain

Soaring oil prices and a surging dollar are testing Asia’s foreign-exchange reserves, which were built up after the 1997 crisis.

By Catie Edmondson

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Asia's Currencies Under Strain Amid Iran War and Soaring Oil Prices

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Thousands of Miles From the Iran War, Asia’s Currencies Feel the Strain

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