Risk-sensitive emerging Asian currencies opened the week softer after the US and Iran failed to reach a peace deal and the US Navy moved to block Iranian traffic through the Strait of Hormuz, pressuring markets exposed to oil price shocks, reports Reuters.
In Asia, the Indonesian rupiah slipped to a new lifetime low of 17,135 per dollar, while the Philippine peso once again breached the key 60-per-dollar mark, and the Thai baht weakened to 32.410 per dollar.
