Asian currencies mostly rose on Tuesday as the U.S. dollar slipped below its two‑month high of 100.21, with the US Dollar Index at 99.96.
South Korean won fell 0.5% against the dollar; Indian rupee slipped 0.4% after the Reserve Bank of India announced measures on 5 June 2026 to support the INR, which ING estimates could bring about $40 bn of inflows.
Japanese yen remained unchanged above the 160‑yen level that previously prompted intervention; Singapore dollar and Australian dollar were largely flat.
China’s May exports surged 19.4% year‑on‑year, imports rose 27.4%, widening the trade surplus to $105.4 billion from $84.8 billion in April; export strength driven by AI‑related products and front‑loaded overseas orders amid the Middle East conflict.
Treasury yields stayed elevated after a robust U.S. payrolls report; markets are pricing roughly a 70% probability of a Federal Reserve rate hike by December, with U.S. consumer price index data due Wednesday that could further influence dollar direction.
