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The antipodean currencies such as the Australia and New Zealand dollars weakened against other major currencies in the Asian session on Monday, as Asian stock markets traded lower hurt by tumbling technology stocks which mirrored their peers on tech-heavy Nasdaq amid concerns about valuations. Additional weakness came from escalating Middle East conflict after reports that Iran launched missiles at Israel, raising doubts over the durability of the already fragile US-Iran ceasefire. The Iranian attack followed Israeli strikes in Beirut, with Iran warning of further attacks if Israel expands its military...

The U.S. dollar experienced a minor decline on Tuesday as the currency markets turned their attention to the ongoing developments in the Iran conflict. Meanwhile, the yen saw minor fluctuations amid perceptions of intervention by Tokyo, which previously led to significant gains for the Japanese currency last week.U.S. Defense Secretary Pete Hegseth confirmed that the ceasefire with Iran remained intact despite ongoing exchanges in the Gulf. This assurance comes as U.S. President Donald Trump prepares for an important meeting with Chinese President Xi Jinping.Shaun Osborne from Scotiabank highlighted the currency...