It was a mostly subdued session across Asian financial markets today.
The key data point was Australian retail sales for May, which rose just 0.2% m/m (vs. expected +0.4%) and 3.3% y/y. The modest gain highlights continued pressure on household spending amid cost-of-living strains and weak consumer confidence. The soft print added to expectations for a Reserve Bank of Australia rate cut at its July 7–8 meeting. AUD/USD edged lower in response, though the move was part of a broader lift in the USD.
Elsewhere, oil, regional equities, gold, and bond markets all traded within tight ranges. Tokyo stocks fell in morning trade with ongoing concerns about Japan-US tariff talks.
In geopolitics:
The Pentagon has paused some air defense missile and precision weapon shipments to Ukraine amid concerns about depleted U.S. stockpiles, according to Reuters citing sources.
Trump said Israel has agreed to a 60-day Gaza ceasefire proposal, posting on social media that the next move is up to Hamas.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about forexlive asia pacific fx news wrap rangebound session was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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