Asia FX Edges in Narrow Bands as Iran Tensions Keep Oil Prices Elevated; AUD Gains Ahead of RBA Decision
Most Asian currencies traded in tight ranges as renewed strength in oil prices, driven by ongoing hostilities related to the U.S.-Israel conflict with Iran, kept risk sentiment subdued. The Australian dollar outperformed peers slightly as traders positioned for a likely Reserve Bank of Australia rate increase. Attention now turns to a sequence of c…