Asian currencies fell, led by South Korean won (+0.9% USD/KRW), as US‑Iran peace talks stalled and risk appetite waned.
China CPI rose 1.2% YoY and PPI 2.8% YoY, beating forecasts and supporting the yuan (USD/CNY +0.1%).
Trump called Iran’s response “totally unacceptable,” oil prices jumped >4% on Strait of Hormuz concerns, pressuring markets.
US dollar index edged higher after strong US payrolls, reducing near‑term Fed rate‑cut expectations.