Stock Market

Story: Asian Currencies Stay Flat as Iran Tensions Grip Markets

By Dan Saada

1 / 15

Asian currencies barely moved Tuesday. Fears about possible trouble with Iran kept traders nervous, while Australia's central bank delivered a surprise split decision that left…

2 / 15

The Reserve Bank of Australia shocked everyone Monday with a messy 25 basis point rate hike that wasn't even unanimous.

3 / 15

The Japanese yen held steady against the dollar, though traders kept one eye on global risks brewing in the Middle East.

4 / 15

China's yuan didn't budge much either, with no big domestic data to shake things up. Investors are basically waiting for the next batch of economic numbers to see if there's any…

5 / 15

South Korea's won stayed flat. Trade talks with the U.S. remain in focus, though nobody expects major developments anytime soon.

6 / 15

Singapore's dollar saw tiny moves at best. The next monetary policy meeting isn't until April, so there's not much to get excited about right now.

7 / 15

India's rupee kept stable ground after recent inflation data came in manageable. The Reserve Bank of India reported a 6.

8 / 15

But geopolitical worries keep dominating headlines. The Iran situation remains messy, with no clear resolution in sight, and that's keeping investors on edge across Asia.

9 / 15

Currency markets stayed nervous Tuesday. Traders are being extra careful, waiting for more clarity on both the geopolitical front and what central banks might do next.

10 / 15

The Iranian issue won't go away. Diplomatic talks might help, but until then market uncertainty will probably stick around, keeping currency moves muted across the region.

11 / 15

Hong Kong's dollar traded near its usual pegged range of 7.8 to 7.85 against the greenback. The Hong Kong Monetary Authority keeps maintaining that peg despite global economic…

12 / 15

Thailand's baht felt some pressure, trading around 34.5 per dollar. The Bank of Thailand recently flagged inflation concerns, hinting at possible rate changes in coming months.

13 / 15

Indonesia's rupiah showed modest strength, gaining slightly to 14,300 per dollar. Bank Indonesia Governor Perry Warjiyo noted last week that the central bank stands ready to…

14 / 15

Vietnam's dong barely moved, hovering around 23,500 per dollar. The State Bank of Vietnam seems comfortable with current exchange rate levels, emphasizing the need to maintain a…

15 / 15

Malaysia's ringgit stayed under pressure, trading close to 4.5 per dollar. Declining oil prices are hitting the currency hard, since Malaysia exports plenty of energy to global…

The Currency Analytics

Want the full story?