Mitsubishi UFJ: The resolution of the Middle East conflict may lead to appreciation opportunities for Asian currencies

智通财经2026/07/21 02:21

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(1) Senior foreign exchange analyst Michael Wan pointed out that it is still reasonable to expect a resolution to the Middle East conflict, as behind-the-scenes negotiations (including mediator involvement) are still ongoing. (2) Considering the upcoming US midterm elections and the limited ammunition reserves of the US military, oil prices are unlikely to return to the high levels seen at the onset of the conflict. (3) If the above assessment holds true, Asia's oil price-sensitive currencies (such as the Indian rupee and Philippine peso) are expected to perform better in the coming period.

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Mitsubishi UFJ: The resolution of the Middle East conflict may lead to appreciation opportunities for Asian currencies

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