07-04-2025
- Business
- Wall Street Journal
Most Asian Currencies Weaken Amid Risk-Off Sentiment
0034 GMT — Most Asian currencies weaken against the dollar in early trade amid risk-off sentiment driven by growing fears of a global trade war. 'Last week's tariff announcements were much larger than we and market participants had expected,' three members of CBA's Global Economic & Markets Research say in a research report. While market participants are focused on downside risks to the U.S. economy from the tariffs, they are also expected to eventually focus on the negative impact of the tariffs on countries outside the U.S., which is USD-supportive, the members add. USD/KRW rises 0.7% to 1,469.89; AUD/USD edges 0.1% lower to 0.5993. (
