Asian currencies face headwinds as U.S. yields and oil rise
Market talk says rising U.S. Treasury yields and oil prices are pressuring Asian currencies, worsening terms of trade for net energy importers including Thailand, the Philippines, India and Korea.
Asian currencies face headwinds from rising U.S.
Treasury yields and oil prices, MUFG Bank's Lloyd Chan says in a research report. "Rising oil prices worsen the terms of trade for net energy importers such as Thailand, the Philippines, India, and Korea, while simultaneously boosting inflation expec…