Asia FX: Geopolitics and cautious positioning – MUFG | FXStreet
MUFG’s Senior Currency Analyst Michael Wan highlights that Asian currencies have held up alongside a weaker Dollar despite renewed tensions around the fragile two-week ceasefire in the Middle East. He stresses that physical Oil flows through the Strait of Hormuz remain constrained and advises clients to stay cautious on risk and hedge exposure to vulnerable…