AI Boom and Oil Fears Shake Asian Currencies, Taiwan to Philippines
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A double blow of artificial intelligence (AI) stock euphoria and rising oil prices is rattling Asian currencies, from Taiwan to the Philippines.
The Taiwan dollar and the Philippine peso are among those feeling the strain. Investors are shifting money into AI-related assets, while costly oil imports weigh on economies across the region.
The moves highlight how global tech trends and energy costs now drive currency markets far beyond Wall Street.