RBA Raises Cash Rate to 4.35%

RBA raised cash rate by 25 bps to 4.35%, third consecutive hike, citing persistent inflation and Middle East 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 despite a modest pull‑back.
US Dollar Index rose 0.1% and Treasury yields jumped, supporting safe‑haven demand while Asian FX stayed range‑bound per analysts.