Asia FX Holds Steady Following Selloff Triggered by Dollar Strength and Middle East Risks | Meyka

Asia FX steadied on June 4 after dollar strength pushed DXY to 99.00. Yen past 152, yuan at 7.25, rupee near 95. Iran conflict and Fed higher-for-longer keep regional currencies under pressure.

Asia FX, Dollar Trade Flat as DXY Holds Near 99; China PMI and Iran Ceasefire in Focus | Meyka

Explore Asia FX, Dollar Trade Flat as DXY Holds Near 99, with insights on China PMI data, Iran ceasefire developments, currency market trends, and key factors shaping investor sentiment.

Most #AsiaFX traded within a narrow range, while the #dollar lingered near 2-month lows amidst speculation of potential interest rate cuts by the #Fed. Weak economic data fueled #ratecut expectations, with traders eyeing upcoming US #labor data for further insights.