Credible De-Escalation of Mideast Conflict Key for Asian Currencies’ Stability

0134 GMT—Credible de-escalation of U.S.-Iran conflict is key to restoring stability in Asian currencies, MUFG Bank’s Lloyd Chan says in a research report. “In the absence of credible de-escalation and normalization of energy flows through the Strait of Hormuz, elevated oil prices and higher U.S. …