business π Oil dips after UAE-Iran asset transfer news
Oil eased slightly following reports that the UAE released more of Iran's frozen assets, including gold valued near $212 million on August 11 and 12. Japan's July PPI was 7.2% year-on-year, missing the 7.4% forecast despite high import price hikes. The dollar gained modestly while the AUD and NZD both softened during the session. The NZD specifically dipped after RBNZ survey showed one-year inflation expectations fell to 2.6%. Asia stocks rallied as US chip strength boosted Nikkei and Topix gains. π