Singapore, 11 May 2026 – Asian currencies weakened on Monday as unresolved US-Iran peace talks drove investors back toward the US dollar, while AI-linked chipmakers continued to attract buying interest and helped cushion parts of the region’s equity markets.
Most emerging Asian currencies pulled back as the dollar strengthened for a second straight session, supported by safe-haven demand, stronger US labour-market data and renewed geopolitical uncertainty. The currency pressure came after US President Donald Trump rejected Iran’s latest peace offer, calling it “totally unacceptable,” raising concerns that the Middle East conflict could continue to disrupt oil supply and inflation expectations.
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