United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect USD/SGD to edge lower intraday toward 1.2760, though a sustained break is seen as unlikely, with major support at 1.2730 intact.

DBS Group Research economists Radhika Rao and Chua Han Teng highlight that ASEAN-6 economies are experiencing asymmetric inflation outcomes despite a common energy shock. Indonesia and Malaysia show relatively contained inflation, while Thailand, Vietnam and Philippines face higher readings.

Japan CFTC JPY NC Net Positions declined to ¥-93.9K from previous ¥-75.1K

United States CFTC Oil NC Net Positions climbed from previous 169.9K to 172.6K

United States CFTC Gold NC Net Positions fell from previous $171.6K to $159.8K

United Kingdom CFTC GBP NC Net Positions declined to £-64.3K from previous £-43.1K

Australia CFTC AUD NC Net Positions climbed from previous $85K to $85.6K

Eurozone CFTC EUR NC Net Positions dipped from previous €40.2K to €33.5K

United States CFTC S&P 500 NC Net Positions climbed from previous $-143.8K to $-140.6K

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect USD/CNH to trade quietly between 6.7920 and 6.8060 intraday after recent moves failed to generate fresh momentum.

OCBC notes USDSGD is trading choppily in a subdued range, closely tracking moves in the USD, Oil and UST yields. The bank sees mild bullish momentum starting to fade and maintains a bias to sell rallies, with key support around 1.2720/60 and 1.2650/70 and resistance near 1.2840/50.

ING economists Min Joo Kang and Lynn Song expect the Bank of Korea to leave policy rates unchanged this week but to adopt a more hawkish tone. They see updated dot plots pointing to one or two rate hikes within six months, alongside upgraded GDP and CPI forecasts.

Kevin Warsh was sworn in as the 17th head of the Fed on Friday, the first chair to take the oath at the White House since Alan Greenspan in 1987, a venue choice that says plenty about how close this central bank now sits to the executive branch. The optics got stranger from there.

Freshly-minted Federal Reserve (Fed) Chair Kevin Warsh delivered his first public speech as head of the Fed on Friday, delivering his key talking points after being sworn in.

Speaking ahead of the swearing-in of new Federal Reserve (Fed) Chair Kevin Warsh, President Trump stated that he wants Warsh to be "independent", stating that the Fed will "make their own decisions".

Rabobank’s Senior FX Strategist Jane Foley notes that the Australian Dollar (AUD) has shifted from a top G10 performer to one of the weakest on a 5‑day view as markets reassess Reserve Bank of Australia (RBA) tightening prospects after softer labour data.

Royal Bank of Canada (RBC) economists Nathan Janzen and Claire Fan expect Canada’s Gross Domestic Product (GDP) to rebound in Q1 2026, projecting a 1.7% annualized expansion after a 0.6% contraction in Q4.

TD Securities economists expect April core and headline Personal Consumption Expenditures (PCE) Price Index to moderate to 0.26% and 0.43% month-on-month, translating to 3.3% and 3.8% year-on-year. They also see softer nominal and real personal spending.

Federal Reserve (Fed) Governor Christopher Waller said on Friday that he does not expect to support a change in the policy rate in the near term, adding that the outcome will depend heavily on the length of the Iran conflict, per Reuters.

BNY’s Bob Savage highlights that South American equities are being driven by commodity inflows, with energy holdings sharply above historical averages as investors use the region as a hedge against war-related supply shocks.

United States UoM 1-year Consumer Inflation Expectations above expectations (4.5%) in May: Actual (4.8%)

United States Michigan Consumer Expectations Index came in at 44.1, below expectations (48.5) in May

United States UoM 5-year Consumer Inflation Expectation registered at 3.9% above expectations (3.4%) in May

United States Michigan Consumer Sentiment Index below expectations (48.2) in May: Actual (44.8)

Rabobank’s Senior Macro Strategist Teeuwe Mevissen reports that Eurozone growth indicators have deteriorated, with French and German PMIs signaling contraction and the German IFO near a five-year low.

United States (US) Secretary of State Marco Rubio said on Friday that they would all love to see an agreement with Iran, per Reuters.

Chris Turner at ING says EUR/CHF is effectively being driven by European Central Bank (ECB) expectations, as the Swiss National Bank (SNB) is seen keeping policy unchanged despite some tightening priced in. Softer Eurozone data could limit ECB hikes and pressure EUR/CHF below key support levels.

Canada Employment Insurance Beneficiaries Change (MoM) climbed from previous -1.6% to 0.4% in March

Rabobank's Senior US Strategist Philip Marey notes that Kevin Warsh may initially avoid pushing for immediate rate cuts, instead laying out an analytical framework to justify resuming pre-war easing later in 2026.

Canada Retail Sales ex Autos (MoM) above forecasts (0.9%) in March: Actual (1.4%)