RBA Hikes Rate to 4.35% Amid Tensions

RBA raised cash rate by 25 bps to 4.35%, third consecutive hike, citing inflation and Middle East conflict risks.
Asian currencies remained largely unchanged amid thin liquidity from regional holidays and heightened US‑Iran tensions in the Strait of Hormuz.
Oil prices stayed above $100 per barrel after a near‑6% surge, keeping inflation concerns high across the region.
USD/JPY flat, USD/KRW up 0.3%, USD/INR up 0.1%; analysts expect range‑bound Asian FX in near term.