The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major counterparts in the Asian session on Monday, as Asian stock markets traded lower as the failure of peace negotiations between the warring factions in the Middle East over the weekend raised concerns about whether the fragile ceasefire will hold.
Talks failed over Iran's refusal to halt efforts to develop nuclear weapons, while Tehran reportedly demanded control of the Strait of Hormuz, war reparations, and the release of frozen assets.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.