USD/IDR gains ground after two days of losses, trading around 17,900 during the Asian hours on Monday.

Reserve Bank of Australia (RBA) Assistant Governor Chris Kent said during a review of alternative monetary policy tools that the central bank will be better prepared to respond to the next crisis it faces, Bloomberg reported on Monday.

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8175 compared to the previous day's fix of 6.8166 and 6.8041 Reuters estimate.

Japan Large Retailer Sales climbed from previous 2% to 5% in May

The former Greater Manchester mayor and the Labour lawmaker, Andy Burnham, will outline his vision for the United Kingdom (UK) on Monday, the Guardian reported. 

Japan Retail Trade s.a (MoM) up to 1.9% in May from previous 1.3%

Japan Retail Trade (YoY) came in at 5.3%, above forecasts (3.2%) in May

Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.

TradingKey - In the coming week, the market will observe the U.S. Independence Day holiday, with the U.S. stock market closed on Friday; major macroeconomic data, including the U.S. June non-farm payr

HSBC portrays Vietnam as one of Asia’s fastest-growing economies, supported by booming electronics exports and import-intensive manufacturing.

OCBC’s FX strategists Sim Moh Siong and Christopher Wong highlight that USD/SGD has eased as US Dollar (USD) momentum softened on core Personal Consumption Expenditures (PCE) Price Index data, with the pair around 1.2960.

HSBC notes that Thailand’s 1Q26 growth beat expectations on the back of strong electronics exports and robust private investment and consumption, supported by AI-related activity and fiscal stimulus.

DBS Group Research’s Ma Tieying expects South Korea’s June exports to remain very strong, with year-on-year growth around 50–60% and the trade surplus widening above USD30bn. AI-related semiconductor demand and higher memory prices are seen offsetting energy imports.

OCBC’s FX strategists Sim Moh Siong and Christopher Wong note USD/CNH’s recent run-up has stalled, with the pair around 6.8020 and daily bullish momentum intact but RSI turning lower from overbought.

United States CFTC S&P 500 NC Net Positions increased to $-35.4K from previous $-194K

Eurozone CFTC EUR NC Net Positions declined to €30.2K from previous €34.4K

Australia CFTC AUD NC Net Positions dipped from previous $-4.1K to $-13K

Japan CFTC JPY NC Net Positions up to ¥-146.1K from previous ¥-150.1K

United States CFTC Gold NC Net Positions climbed from previous $180.2K to $181.3K

United Kingdom CFTC GBP NC Net Positions dipped from previous £-71.6K to £-105.7K

United States CFTC Oil NC Net Positions dipped from previous 124.5K to 114.6K

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD has stalled after a six-day advance, with the pair easing to 1.2950 before closing near 1.2970.

Geoff Yu at BNY notes that Taiwan’s strong equity performance in 2026 has coincided with net institutional outflows, mainly from U.S. pensions and hedge funds, while APAC and EMEA investors provide support.

DBS Group Research forecasts Vietnam’s real GDP to grow 7.8% year-on-year in Q2 2026, matching Q1’s pace, supported by strong electronics manufacturing, AI-driven tech demand, FDI and resilient retail spending.

HSBC strategists warn that the Philippines is flirting with stagflation, as slowing Gross Domestic Product (GDP) growth coincides with the highest inflation in ASEAN. Weak public spending and cautious households are dragging demand, while the labour market softens.

Commerzbank’s Thailand section notes May exports rose 10.6% year-on-year, below consensus and sharply slower than April’s 23.1%, with agriculture shipments weak but electronics still resilient. The government forecasts exports to grow 8% in 2026 as front-loading fades.

Lloyd Chan at MUFG notes the Malaysian Ringgit outperformed, rising 0.4% versus the US Dollar (USD) after Bank Negara Malaysia (BNM) reintroduced a 2024-style FX support measure to encourage repatriation and conversion of offshore earnings.

Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari said during a panel discussion at the Aspen Ideas Festival 2026 in Aspen, Colorado, that he remains concerned about inflation in the service sector, while also noting some signs of improvement in the labor market.

Recently, the US President Donald Trump posted on his Truth Social network that Iran violated the ceasefire, after launching drones at ships in the Strait of Hormuz, with one of them hitting the upper deck of a large cargo-carrying ship.

TradingKey - Following the Federal Reserve's release of its June meeting decision, Minneapolis Fed President Neel Kashkari, a voting FOMC member this year, recently stated that he has adjusted his pol