Asian Currencies Surge Post US‑Iran Ceasefire

Asian currencies rallied sharply as US Dollar Index fell near 1% after President Trump announced a two‑week US‑Iran ceasefire.
The onshore Chinese yuan hit a three‑year high at 6.82 per dollar, while the yen, won and Singapore dollar all weakened.
RBI kept repo rate at 5.25% and RBNZ held cash rate at 2.25%; NZD/USD surged 2% and INR slipped 0.3%.
Oil prices dropped below $100 per barrel; analysts expect higher oil could lift inflation despite the ceasefire.