The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.40 during the early European trading hours on Friday.

Here is what you need to know on Friday, June 26:

Danske Research Team highlights ongoing sector and regional rotation in global equities, with European and Asian stocks advancing while US equities slipped.

Sweden Producer Price Index (YoY) rose from previous 4.7% to 6.6% in May

Sweden Producer Price Index (MoM) increased to 1.3% in May from previous 1.1%

Singapore Industrial Production (YoY) below forecasts (17%) in May: Actual (13%)

Singapore Industrial Production (MoM) came in at -0.7% below forecasts (2%) in May

The AUD/JPY cross trades in negative territory around 111.25 during the early European trading hours on Friday.

USD/IDR inches lower after opening at a bullish gap, remaining in the positive territory and trading around 18,000 during the Asian hours on Friday. The pair holds gains as the US Dollar (USD) finds support from growing expectations of a Federal Reserve (Fed) rate hike.

Asian equity markets on Friday are significantly down as price hikes announced by Apple Inc. due to memory chip shortages have prompted fears of high inflation globally and concerns on earning projections of various companies that rely on these sophisticated chips for their final products.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, pares its recent losses from the previous day and is trading around 101.50 during the Asian hours on Friday.

West Texas Intermediate (WTI) gains ground for the second successive day, trading around $71.50 per barrel during the Asian hours on Friday.

Australia National Australia Bank's Business Confidence (QoQ) dipped from previous -4 to -19 in 2Q

Japan Tokyo CPI ex Food, Energy (YoY) up to 1.9% in June from previous 1.6%

The headline Tokyo Consumer Price Index (CPI) for June rose 1.7% YoY as compared to 1.4% in the previous month, the Statistics Bureau of Japan showed on Friday.

Japan Tokyo CPI ex Fresh Food (YoY) meets expectations (1.6%) in June

Japan Tokyo Consumer Price Index (YoY) increased to 1.7% in June from previous 1.4%

Federal Reserve (Fed) Bank of New York President John Williams said in a speech released by text on Thursday that monetary policy remains “well positioned” for the current economy, while warning that inflation may take longer to return to the Fed’s 2% target than previously expected.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight a sharp USD/CNH spike to 6.8195, now seen consolidating between 6.8030 and 6.8185 on an intraday basis after an overdone rise.

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Thursday that inflation remains the central challenge for policymakers, warning that price pressure is still moving in the wrong direction despite some signs of improvement in services.

The Bank of Mexico held its main reference rate unchanged at 6.50% as expected, unanimously, yet kept the balance of risks of inflation tilted to the upside…

Mexico Banxico Interest Rate Decision in line with forecasts (6.5%)

DBS Group Research economist Chua Han Teng expects the Bank of Thailand (BoT) to keep its policy rate unchanged at 1.00% through 2026, after a second consecutive on-hold decision.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive view on USD/SGD after the pair briefly touched 1.2991 before closing near 1.2980.

United States 7-Year Note Auction down to 4.26% from previous 4.29%

United States 4-Week Bill Auction rose from previous 3.58% to 3.61%

UOB economists Enrico Tanuwidjaja and Sathit Talaengsatya note that the Bank of Thailand (BoT) kept its policy rate at 1.00% and is expected to hold this level through 2027.

MUFG highlights that strong earnings guidance from Micron Technology, a key AI memory supplier, has boosted sentiment in AI and tech stocks.

United States Kansas Fed Manufacturing Activity climbed from previous 9 to 19 in June

TradingKey - On Thursday Eastern Time, May inflation data released by the U.S. Bureau of Economic Analysis (BEA) showed that the year-over-year PCE price index was 4.1% in May, in line with market exp