Asia Summary and Highlights 25 Feb
Trump says Iran advancing missile, nuclear programs despite negotiations
Asia Session
Australian CPI beats estimate again and should further traction in the inflationary pressure for Australia. Headline y/y CPI arrived at 3.8% while trimmed mean CPI edged higher from December to 3.4% y/y. The data is supportive of RBA's February hike and seems to reinforce their stance towards two more hike in 2026. The strong read is encourage Aussie bids and see AUDF/USD to trade 0.72% higher at 0.7108. NZD/USD is trading 0.27% while USD/CAD slips 0.15%.
Geopolitical drama seems to remain in play as we heard Trump keep referring to Iran stubborn nuclear advancement. It is supportive haven bids at the moment but there is unlikely a huge wave of haven bids until we move past Thursday’s Geneva negotiation. USD/JPY is trading 0.16% lower at 155.64. Else, both the Euro and Sterling is 0.23% higher against the greenback.