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>>Asian currencies tumble as traders grapple with Trump's looming tariff threat, Iran's turmoil, and uncertainty at the Federal Reserve.

Asian currencies tumble as traders grapple with Trump's looming tariff threat, Iran's turmoil, and uncertainty at the Federal Reserve.

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about 4 hours ago

Geopolitical and Trade Pressures

Traders in Tokyo, Singapore and Hong Kong saw the yen, yuan and won fall as the U.S. dollar rallied. Former President Trump’s renewed tariff threats on China and other Asian exporters revived fears of a new trade war. Markets priced in higher risk, prompting capital to flee export‑dependent currencies.

Energy Shock and Fed Credibility

Escalating protests in Iran raised concerns over oil supply disruptions, pushing Brent crude up and straining Asian importers. At the same time, political pressure on the Federal Reserve sparked doubts about its independence and future rate hikes. Both factors boosted the dollar as a safe‑haven and deepened currency weakness.

Central Bank Responses and Outlook

The Bank of Japan, South Korea and India signalled possible interventions to curb excessive moves, but analysts warn such measures are only temporary. Persistent macro risks mean Asian currencies will remain vulnerable until trade, oil or Fed tensions ease. Longer‑term stability may require greater regional cooperation and reduced reliance on the dollar.