Euro zone firms struggle to raise prices despite Iran war shock.Only a third of the euro zone's largest companies have indicated they are raising prices in response to the Iran war, a Reuters analysis of listed corporate earnings commentary shows, suggesting a weak economy is curbing their pricing power.

RBA's Harper Warns Rising Inflation Expectations Could Require “Strong Action”.RBA board member Ian Harper struck a hawkish tone in his speech today, warning that rising long-term inflation expectations could become a significant concern for policymakers. Harper emphasized that “inflation expectations are important” and noted there is “a concern about what's happening at the long-end,” referring to signs that markets increasingly expect inflation to remain above target for an extended period.

Indian Rupee flattens while recovery in oil prices dampens outlook.Indian Rupee flattens while recovery in oil prices dampens outlook

Indonesian Rupiah rebounds from record lows following inflation data.Indonesian Rupiah rebounds from record lows following inflation data

Markets continue to stay on edge awaiting US-Iran deal.The main talk of the town yesterday was US president Trump looking to broker a ceasefire between Israel and Lebanon. He confirmed that by saying that "all shooting will stop", allowing for the US to at least try and negotiate with Iran again on a broader framework agreement.

Indonesia Trade Balance fell from previous $3.32B to $0.09B in April.Indonesia Trade Balance fell from previous $3.32B to $0.09B in April

Indonesia Imports up to 22.49% in April from previous 1.51%.Indonesia Imports up to 22.49% in April from previous 1.51%

AUD/JPY Price Forecast: Strengthens above 114.00, bullish bias holds above key technical support.AUD/JPY Price Forecast: Strengthens above 114.00, bullish bias holds above key technical support

Indonesia Exports up to 21.98% in April from previous -3.1%.Indonesia Exports up to 21.98% in April from previous -3.1%

Indonesia Core Inflation (YoY) up to 2.59% in May from previous 2.44%.Indonesia Core Inflation (YoY) up to 2.59% in May from previous 2.44%

Indonesia Inflation (MoM) rose from previous 0.13% to 0.28% in May.Indonesia Inflation (MoM) rose from previous 0.13% to 0.28% in May

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.