tan currency cnbc - Asian currencies weaken as Trump tariffs strengthen

Asian currencies weaken as Trump tariffs strengthen

Asian currencies weakened sharply Monday as the US Dollar rallied after US President Donald Trump slapped tariffs on several countries over the weekend.

Weizhen Tan

Weizhen Tan is Senior Correspondent for CNBC Pro, based in Singapore. Before this role, Weizhen was the Markets Editor for CNBC Asia-Pacific.

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Currencies, Currency Markets, News and Rates on International Currency.

Clement Tan

Clement Tan is a senior correspondent for CNBC in Singapore. He writes mainly about economics, financial markets and geopolitical risks in the Asia Pacific.

TWD=: US Dollar/Taiwan Dollar FX Spot Rate

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Asia's central banks face a formidable challenge

A stronger U.S. dollar is likely "to pose challenges for Asian central banks by increasing inflationary pressures through higher import costs