A stronger dollar, higher energy costs and market uncertainty are putting pressure on currencies across Asia.<\/p>\n
The battle over the Strait of Hormuz is triggering a new economic shock in Asia.<\/p>\n
As oil prices rise and investors flee to the safety of the US dollar or gold, currencies are weakening across the continent.<\/p>\n
The Indian rupee and Philippine peso have fallen to record lows.
Indonesia\u2019s rupiah is now weaker than it was at the depths of the Asian financial crisis.<\/p>\n
From Japan to South Korea, central banks have burned billions of dollars trying to slow the slide.<\/p>\n
For economies that rely heavily on imported energy, a weaker currency means higher costs, from fuel to food.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
A stronger dollar, higher energy costs and market uncertainty are putting pressure on currencies across Asia. The battle over the Strait of Hormuz is triggering a new economic shock in Asia. As oil prices rise and investors flee to the safety of the US dollar or gold, currencies are weakening across the continent. The Indian … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-7057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-travel"],"_links":{"self":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/posts\/7057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/comments?post=7057"}],"version-history":[{"count":0,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/posts\/7057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/media\/7058"}],"wp:attachment":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/media?parent=7057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/categories?post=7057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/tags?post=7057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}