investingLive Asia-Pacific FX news wrap:.Trump told ABC News he thinks he will have an agreement with Iran to extend the ceasefire and reopen the Strait of Hormuz over the next week. Trump is credibility-challenged on this front, however, and his remarks went largely unheeded by markets.

Oil swings keep rupee outlook precarious, foreign stock sales amplify strain.The Indian rupee is expected to retain a bias towards depreciation on Tuesday as uncertainty over U.S.-Iran peace talks keeps oil prices volatile, ​while persistent foreign selling of Indian stocks heaps additional pressure.

Swiss Franc remains calm ahead of Trade Balance data.Swiss Franc remains calm ahead of Trade Balance data

US President Trump signs a proclamation amending tariffs on some metal imports.US President Trump signs a proclamation amending tariffs on some metal imports

Australia's net trade and flat government spending cloud GDP outlook.Australia's net trade will subtract ~0.8ppt from Q1 GDP as data centre and fuel imports surged and commodity exports fell, with government spending flat and the current account deficit wider than forecast.

New Zealand Dollar remains depressed against firmer USD; hawkish RBNZ limits losses.New Zealand Dollar remains depressed against firmer USD; hawkish RBNZ limits losses

United States Dollar Index steadies above 99.00 amid US-Iran deal uncertainty.United States Dollar Index steadies above 99.00 amid US-Iran deal uncertainty

Australian Dollar softens to near 0.7150 as Middle East tensions rise.Australian Dollar softens to near 0.7150 as Middle East tensions rise

Australia Approves Stronger Wage Rise as RBA Monitors Second-Round Effects.Australia's Fair Work Commission delivered a larger-than-last-year increase in minimum and award wages, lifting pay rates by 4.75% from July 1. The ruling directly affects around one-fifth of the workforce and will have the greatest impact on award-reliant industries including healthcare, retail, accommodation and food services, and labor hire.

Australia current account deficit widens in Q1, drags on economy.Australia's current account deficit widened by more ​than expected in the ‌first quarter as the trade account suffered its first shortfall ​since 2017, leaving net ​exports as a major drag ⁠on economic growth.

British Pound nudges higher as traders await progress on Middle East peace talks.British Pound nudges higher as traders await progress on Middle East peace talks

White House trims tariffs on farm and industrial gear, tweaks metals regime.The White House announced adjustments to tariff arrangements covering aluminium, steel and copper imports, while cutting duties on agricultural equipment such as combines and harvesters from 25% to 15%.

RBA's Harper: Inflation persistence remains a significant issue.RBA's Harper: Inflation persistence remains a significant issue

Japan's Katayama: Volatility in oil markets persists, ready to take suitable measures.Japan's Katayama: Volatility in oil markets persists, ready to take suitable measures

Japanese Yen hangs near one-month low vs USD; bears turn cautious amid intervention fears.Japanese Yen hangs near one-month low vs USD; bears turn cautious amid intervention fears

Dollar steady as traders await progress on Middle East peace talks.The ​U.S. dollar steadied on Tuesday as markets took a wait-and-see approach to Middle East peace talks, with Lebanon ‌announcing a limited ceasefire between Hezbollah and Israel, although broader geopolitical uncertainties kept traders on edge.

Japanese finance minister signals readiness to respond in FX market.Japanese ​Finance Minister Satsuki Katayama ‌said on Tuesday the authorities stood ready to respond ​in the currency ​market as needed.

Euro posts modest gains above 1.1600, Middle East tensions curb upside.Euro posts modest gains above 1.1600, Middle East tensions curb upside

Japan eyes sales tax cut from 2027 but bond market (and yen!) risks loom large.Japan is considering cutting its 8% food sales tax to 1% from April 2027 for two years, the Mainichi reported, with the timeline designed to support PM Takaichi ahead of municipal elections.

PSB dollar sales help rupee close flat at 95.The Indian rupee held steady against the dollar on Monday. State-run banks sold dollars, supporting the rupee.

Japan Monetary Base (YoY) dipped from previous -11.3% to -12.2% in May.Japan Monetary Base (YoY) dipped from previous -11.3% to -12.2% in May

USD/JPY Forecast: Payrolls Need to Crack Before the Bulls Blink.While no one knows when a truce in the Gulf will truly hold, allowing energy supplies to transit the Strait of Hormuz freely, the uncertainty continues to expose a major vulnerability for Japan. As a significant net energy importer, higher prices threaten to worsen both its terms of trade and current account position, creating a headwind for the yen.

US President Donald Trump expects deal with Iran to reopen Hormuz, extend ceasefire next week.US President Donald Trump expects deal with Iran to reopen Hormuz, extend ceasefire next week

China: Onshore outperformance reshapes AI exposure – HSBC.China: Onshore outperformance reshapes AI exposure – HSBC

South Korea Consumer Price Index Growth (YoY) above forecasts (3%) in May: Actual (3.1%).South Korea Consumer Price Index Growth (YoY) above forecasts (3%) in May: Actual (3.1%)

South Korea Consumer Price Index Growth (MoM) came in at 0.5%, above expectations (0.3%) in May.South Korea Consumer Price Index Growth (MoM) came in at 0.5%, above expectations (0.3%) in May

Australian Dollar wilts as Lebanon flare-up lifts the US Dollar.Australian Dollar wilts as Lebanon flare-up lifts the US Dollar

Japan: Debt worries seen overstated – Commerzbank.Japan: Debt worries seen overstated – Commerzbank

Euro Technical Analysis: EUR/USD, EUR/JPY, EUR/AUD.EUR/USD faces downside risk, EUR/JPY tests key resistance near 186, while EUR/AUD shows signs of a bullish reversal from long.

CEE FX: Cautious start with HUF still favoured – ING.CEE FX: Cautious start with HUF still favoured – ING