Iran War Drives Emerging Asian Currencies to Extreme Lows; Rupee Could Hit 100, Philippine Yields May Surge to 8%

GateNews
According to Jin10, emerging Asian markets face mounting pressure from the Iran conflict, pushing currencies and bond yields to levels previously deemed unlikely. Analysts are mapping more extreme bearish scenarios as the conflict persists, including the Indian rupee depreciating to 100 against the US dollar, the Indonesian rupiah falling to 18,000, and the Philippine peso weakening to 65. Rising energy prices are intensifying inflation and straining import-dependent economies. Bond markets are also under stress; India's benchmark yield may test 2022 highs, while the Philippine Currency Market Association warned yields could climb to 8%, a multi-year peak.
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