Swiss Franc weakens as traders ‌ramp up US rate hike bets, Vance canceled trip to talks with Iran.Swiss Franc weakens as traders ‌ramp up US rate hike bets, Vance canceled trip to talks with Iran

Indian Rupee rises on FCNR-B inflows, dollar selling by exporters.Indian Rupee rises on FCNR-B inflows, dollar selling by exporters

British Pound slides to fresh low since April vs bullish USD amid UK political crisis.British Pound slides to fresh low since April vs bullish USD amid UK political crisis

Japan Core Inflation Holds at 1.4%, Fuel Subsidies Continue to Suppress Price Pressures.Japan's core consumer inflation remained unchanged at 1.4% yoy in May, matching expectations and staying below the Bank of Japan's 2% target for a fourth consecutive month. Headline CPI edged up from 1.4% yoy to 1.5% yoy.

investingLive Asia-Pacific FX news wrap: Vance cancels trip for Iran talks.The dominant story across Friday's session was the swift unravelling of the US-Iran peace process, just two days after the memorandum of understanding was signed. Iran has frozen its MOU commitments and postponed its Geneva meeting with the US, per Fars news agency, citing Israel's continued military operations in Lebanon as a violation of the deal's first clause.

New Zealand Exports Jump 18%, But Faster Import Growth Limits Trade Surplus.New Zealand recorded a goods trade surplus of NZD 800m in May, slightly below expectations of NZD 875m, as strong export growth was more than offset by an even larger increase in imports. Goods exports rose NZD 1.4b, or 18% yoy, to NZD 8.9b, while imports climbed NZD 1.7b, or 26% yoy, to NZD 8.1b.

Australia May CPI Preview: Underlying Pressures Persist.In April, the monthly CPI undershot expectations, with headline inflation easing to 4.2%yr. However, underlying inflation remained firm, with trimmed mean rising to 3.4%yr from 3.3%yr in March.

Cliff Notes: Policy Matters.The RBA Monetary Policy Board (MPB) unanimously decided to leave the cash rate unchanged at 4.35% this week, as widely expected. However, in the subsequent communications, the MPB clearly leaned against the idea that the hiking cycle is definitively over.

USD/JPY Builds Strong Momentum for Another Upside Push.Looking at the 4-hour chart, the pair settled above 160.00, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). The current price action suggests that the pair could continue to rise.

Flows, underlying sentiment cushion rupee against Fed-spurred dollar rally.The Indian rupee's underlying bias is likely to stay positive on Friday and in the near term, aided by improving flows ​and sentiment buffing it up against a Federal Reserve-driven dollar rally.

United States Dollar Index remains near 101.00 amid Fed hawkish outlook.United States Dollar Index remains near 101.00 amid Fed hawkish outlook

Oil and US dollar rising on news that Vance cancelled his trip to negotiate with Iran.US Vice President JD Vance has canceled his planned trip to Switzerland for talks with Iran, citing unresolved logistics and uncertainty surrounding the next round of negotiations.

New Zealand Dollar drops to fresh low since April as hawkish Fed bets support USD.New Zealand Dollar drops to fresh low since April as hawkish Fed bets support USD

Australian Dollar softens to near 0.7000 as Vice President canceled trip to talks with Iran.Australian Dollar softens to near 0.7000 as Vice President canceled trip to talks with Iran

Canadian Dollar declines as oil prices ease.Canadian Dollar declines as oil prices ease

US Vice President JD Vance cancels trip to Switzerland for Iran talks.US Vice President JD Vance cancels trip to Switzerland for Iran talks

Japanese Yen recovers from two-year low vs USD as BoJ hike bets offset Japan's softer CPI.Japanese Yen recovers from two-year low vs USD as BoJ hike bets offset Japan's softer CPI

WTI falls to near $75.00 as shipping conditions improve in Hormuz.WTI falls to near $75.00 as shipping conditions improve in Hormuz

Japan's Katayama says ready to take strong action on speculative FX moves.Japan's Katayama says ready to take strong action on speculative FX moves

Euro drifts higher above 1.1450 as US, Iran sign initial agreement to end war.Euro drifts higher above 1.1450 as US, Iran sign initial agreement to end war

Yen nears weakest in 40 years as BOJ hike fails to stem rout.The yen was pinned near four-decade lows on Friday, with markets on heightened intervention watch as neither a U.S.-Iran peace deal nor a rate hike in Japan managed to arrest its prolonged slide.

Dollar sees 'bullish break' on Fed rate-hike bets.The US dollar is experiencing a significant rally. Traders are betting the Federal Reserve will raise interest rates soon.

BoJ's Himino: Central bank likely to keep hiking rates based on economic, price, financial trends.BoJ's Himino: Central bank likely to keep hiking rates based on economic, price, financial trends

BOJ to continue raising rates with eye on inflation risk, deputy governor says.Bank of Japan Deputy Governor ​Ryozo Himino said on ‌Friday the central bank will continue to ​raise interest rates ​with an eye on the ⁠risk of underlying ​inflation overshooting its 2% ​target.

Rupee rises for fifth day, rallies to 6-week high.The Indian rupee strengthened for the fifth consecutive session, closing at 94.33 against the dollar. This gain to a six-week high was supported by Brent crude oil prices falling below $78 per barrel and the unwinding of long dollar positions.

BoJ Minutes: Members want more time to assess Middle East impact on Japan's economy, prices.BoJ Minutes: Members want more time to assess Middle East impact on Japan's economy, prices

Japan National CPI ex Food, Energy (YoY) declined to 1.8% in May from previous 1.9%.Japan National CPI ex Food, Energy (YoY) declined to 1.8% in May from previous 1.9%

Japan's National CPI rises 1.5% YoY in May, Core CPI climbs as expected.Japan's National CPI rises 1.5% YoY in May, Core CPI climbs as expected

Japan National CPI ex Fresh Food (YoY) meets expectations (1.4%) in May.Japan National CPI ex Fresh Food (YoY) meets expectations (1.4%) in May

UK consumer confidence masks growing cracks beneath steady headline.Sterling faces a modest negative undercurrent from the data, not from the headline number, which came in marginally better than forecast, but from the sub-index deterioration that points to softening domestic demand ahead. Major purchase intentions sitting at joint-lowest levels since January 2025 is a quiet signal for retailers and discretionary spending.