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    Asian central banks monitoring FX volatility amid oil shocks
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Market

Asian central banks monitoring FX volatility amid oil shocks

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Last updated: March 2, 2026 4:29 pm
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Published: March 2, 2026
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Asian central banks monitoring FX volatility amid oil shocks


Central bankers in Asia have intervened or are carefully monitoring market developments stemming from the outbreak of battle within the Center East.

The US and Israel on February 28 launched a co-ordinated assault on Iran. Quickly afterwards, Iran retaliated by launching drones and missiles concentrating on Israel and US army bases in a number of Gulf nations, together with Kuwait, Qatar and the United Arab Emirates.

Vitality costs soared after the battle broke out. Brent crude, the worldwide benchmark for oil

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