Major FX is not much changed on the session here after minor moves only.
Geopolitics & Commodities:
Iran signalled it may accept a nuclear deal framework centred on a regional uranium enrichment consortium—provided it is based inside Iran.
Brent crude is marginally lower on the session, reflecting muted market reaction.
Australia:
Q1 GDP rose just 0.2%, missing forecasts; annual growth remained at a tepid 1.3% as public demand and exports dragged.
Household savings jumped to 5.2% as consumers cut back.
AUD/USD dipped on the release but quickly recovered, and is now little changed in a narrow range.
China-US news
Two Chinese nationals have been charged in the U.S. for smuggling a dangerous fungus considered a potential agroterrorism threat.
The incident is being treated as a national security concern, heightening scrutiny around biotech and cross-border research links.
South Korea:
The Kospi surged over 2% to its highest since August 2024 after opposition leader Lee Jae-myung won the snap presidential election.
The index has now extended its gains for the year, buoyed by hopes of policy shifts and political stability.
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AUD swings in a small range only:
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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