BNY Mellon Warns of Potential Currency Weakness in Asia-Pacific Due to Oil Price Surge

Deep News

Apr 02

Bank of New York Mellon stated that due to rising oil prices linked to conflict in Iran, currencies in Asia-Pacific countries may face downward pressure, particularly those of net oil importers. Wee Khoon Chong, Senior Market Strategist for Asia-Pacific at the bank, indicated that alongside a strengthening U.S. dollar, pressure from foreign capital outflows could also weigh on regional currencies. Increasing inflationary pressures may further delay the Federal Reserve's potential easing path. This, combined with safe-haven demand, could support the U.S. dollar in the near term.

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Wee Khoon Chong, Senior Market Strategist for Asia-Pacific at the bank, indicated that alongside a strengthening U.S. dollar, pressure from foreign capital outflows could also weigh on regional currencies. Increasing inflationary pressures may further delay the Federal Reserve's potential easing path. 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Wee Khoon Chong, Senior Market Strategist for Asia-Pacific at the bank, indicated that alongside a strengthening U.S. dollar, pressure from foreign capital outflows could also weigh on regional currencies. Increasing inflationary pressures may further delay the Federal Reserve's potential easing path. This, combined with safe-haven demand, could support the U.S. dollar in the near term.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DUG","symbol_name":"二倍做空石油与天然气ETF(ProShares)","start_time":0,"source_url":"","article_id":"1193212683","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193212683","pubTimestamp":1775095224,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Bank of New York Mellon stated that due to rising oil prices linked to conflict in Iran, currencies in Asia-Pacific countries may face downward pressure, particularly those of net oil importers. 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