US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Dollar Eases as Middle East Conflict, Fed Outlook and Japan Pension Policy Drive FX Markets 
Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Asian economies are expected to witness a holding up of exports in 2018, further, feeding through into domestic demand, according to a recent report from ANZ Research.
Core inflation pressures should remain contained as the economic slack will diminish only slowly. Nonetheless, selectively, some central banks are expected to take advantage of this period of strong growth to normalize monetary policy, particularly as real interest rates are at or close to historical lows.
"Strong growth will also anchor Asian currencies although there should be greater differentiation in performance," the report added.
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