Market Highlight 16.06.2026

Policy meetings by the Reserve Bank of Australia and the Bank of Japan are being closely watched on Tuesday morning, after the U.S - Iran agreement to reopen the Strait of Hormuz helped trigger a modest rebound across global financial markets at the start of this week. The AUD edged lower against the USD, as the Reserve Bank of Australia is expected to leave its policy rate unchanged for the first time this year. The JPY was trading steadily around 160,25 per USD, while BOJ policymakers are expected to raise interest rates to 1%, the highest level since 1995. U.S equity futures slipped slightly after the S&P 500 rose 1,7% and the Nasdaq 100 gained 3,1% on Monday. Meanwhile, the Central Banks of the U.S, the UK, and Switzerland are all expected to keep rates unchanged this week. Last week, the European Central Bank raised interest rates for the first time in nearly 3 years after ECB President Christine Lagarde warned that war-driven inflation from Iran was spreading beyond the energy sector.

Economists warn that it may take time for shipping activity through the Strait of Hormuz to return to normal and for fuel prices to fall back to the levels seen before the U.S and Israel attacked Iran nearly 4 months ago. Even so, U.S inflation, which accelerated in May to its fastest pace in more than 3 years, may already have peaked. Inflation surged to 4,2% last month, the first time it has risen above 4% in years. More than half of the increase in U.S consumer prices came from energy costs. Fuel prices have now retreated from the peak reached in late May and are expected to continue declining.

Domestically, interbank USD/VND fell back to 26.290 by the end of Monday, in line with the weakening of the USD in global markets.

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