Asian Currencies Hold Steady as Haven Demand Supports Dollar
Asian currencies hold steady against the dollar, but haven demand may support the greenback as Russia strikes Ukraine’s energy infrastructure this week.
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what happened
Newsmetry API reports that Asian currencies are consolidating against the dollar, while demand for the U.S. currency as a haven could increase amid tensions between Russia and Ukraine. Russia has continued attacks on Ukraine’s energy infrastructure despite U.S. President Trump announcing an “energy ceasefire,” Kristina Clifton of CBA wrote in a research report.
The senior economist and senior currency strategist said Ukraine’s President Zelenskyy had confirmed that Russia was not observing the truce and that Ukraine would keep retaliating. Clifton also wrote that the U.S. Dollar Index could move higher this week as energy prices rise.
The U.S. Dollar Index was little changed at 102.566, according to LSEG data. The dollar was down 0.1% at 159.44 yen and up 0.1% at 1,336.20 won.
why it matters
For currency markets, geopolitical tensions and higher energy costs increase the relevance of haven demand, which may continue to favor the dollar.
instruments
sources
- Asian Currencies Consolidate, But May be Weighed by Safe-Haven Demand for Greenback — Market Talk — Newsmetry API, 13 October 2026 at 00:56 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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