Asian currencies consolidated against the dollar in early trade, though rising oil prices and U.S. Treasury yields may weigh on risk sentiment, analysts say.

The U.S. and Iran have continued to exchange military strikes, CBA's Samara Hammoud says in a research report. "We expect the strikes to continue for the next two months," the international economist and currency strategist says. "A continuation of the Middle East conflict should support the USD because of its safe-haven status and typically positive correlation with oil prices," Hammoud adds.

The dollar rises 0.1% to 33.72 baht after earlier touching 33.73 baht, its highest intraday level since April 2025, LSEG data show. It is also 0.1% lower at 1,480.15 won.