Asian currencies remained largely unchanged on May 5, 2026, as investors awaited the RBA decision amid Middle East tensions.
The Reserve Bank of Australia raised its cash rate by 25 bps to 4.35%, its third hike citing inflation and conflict risks.
Oil prices stayed above $100 per barrel after a near‑6% surge, keeping inflation concerns high despite a modest pull‑back.
Analysts expect Asian FX to remain range‑bound in the near term as geopolitical risks and central‑bank signals dominate sentiment.