Market News

    Asia FX falls as Iran peace hopes fade; China inflation beats forecasts

    Most Asian currencies fell on Monday as stalled U.S.-Iran peace talks dampened risk appetite, although the Chinese yuan found some support after domestic inflation data came in firmer than expected.

    The dollar index edged higher after robust U.S. payrolls data last week reduced expectations for near-term Federal Reserve rate cuts.

    Source : Investing.com