Taiwan Dollar, Baht Most at Risk From Oil Price, Barclays Says

A surging oil price is likely to trigger a depreciation in Asian currencies, notably the Thai baht, Taiwan dollar and Korean won, according to Barclays Plc.

The rise in oil price “implies risks for most Asian FX in the near term, especially if oil prices move even higher in the event of a potential escalation in the conflict,” analysts including Brian Tan wrote in a note to clients on Tuesday.