The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as the investor sentiment dampened after the Reserve Bank of Australia (RBA) is less likely to boost interest rates in June.
Asian stock markets traded lower, as continuing uncertainty about the fragile ceasefire in the Middle East conflict and the related surge in crude oil prices is weighing on market sentiment. The U.S. launched fresh strikes on Iran, with US President Donald Trump accusing Tehran of downing a helicopter in the Strait of Hormuz.
For comments and feedback contact: editorial@rttnews.com
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.