South Korea Current Account Balance declined to 28.29B in April from previous 37.33B

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/SGD has broken to a two‑month high near 1.2840, with strong momentum pointing to further Dollar strength against the Singapore Dollar.

Commerzbank highlights that Vietnam’s May Consumer Price Index (CPI) rose to 5.6% year-on-year, the highest since January 2020, driven by food and energy costs, while the trade deficit widened to a record USD 5.2 billion on strong import growth.

UOB’s Quek Ser Leang and Lee Sue Ann report a sharp rebound in USD/CNH above 6.78, which invalidated their prior bearish view. They now see the pair as neutral, expecting consolidation between 6.7620 and 6.7980 near term, with 6.7850 and 6.7980 acting as key resistance levels.

Jeffrey Schmid, President of the Federal Reserve (Fed) Bank of Kansas City, said on Thursday that inflation remains the primary threat to the US economy, while raising questions about whether the Fed may need to keep interest rates elevated or even tighten policy further to ensure price stability.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights that the Korean Won is underperforming, with USD/KRW surging to its highest level since 2009.

Mary Daly, President of the Federal Reserve Bank of San Francisco, said on Thursday that inflation remains the Federal Reserve's (Fed) primary concern, while emphasizing uncertainty around the economic outlook and the future path of interest rates.

United States 4-Week Bill Auction fell from previous 3.63% to 3.615%

ING highlights that investment funds in TTF gas remain relatively relaxed despite LNG supply disruptions in the Middle East.

United States EIA Natural Gas Storage Change below expectations (99B) in May 29: Actual (95B)

TD Securities expects the Bank of Canada to stay data dependent despite USMCA uncertainty. The bank sees a high bar for trade risks to alter the current path, with the next BoC hike projected for Q1 2027 while the Fed shifts toward easing.

RaboResearch Global Economics & Markets discusses how the Australian Dollar has been one of the best-performing G10 currencies in 2026, helped by three RBA rate hikes, but notes recent softer Australian data suggest the cycle may be near its peak.

Nordea economists Jan von Gerich and Tuuli Koivu expect the European Central Bank (ECB) to raise rates by 25bp at the June meeting and signal a hawkish stance without firm pre-commitments.

ING’s Frantisek Taborsky reports that the National Bank of Poland (NBP) governor struck a dovish tone after a downside inflation surprise, seeing no need for rate hikes unless Oil prices or fuel caps change.

Russia Central Bank Reserves $ declined to $748.7B from previous $753.8B

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 225K for the week ending May 30.

Societe Generale’s Anatoli Annenkov expects the ECB to deliver a 25bp risk-dependent insurance hike from a neutral stance, stressing data-dependency and trade-offs from early action.

United States Unit Labor Costs came in at 1.8% below forecasts (2.3%) in 1Q

United States Continuing Jobless Claims came in at 1.777M below forecasts (1.78M) in May 22

United States Initial Jobless Claims registered at 225K above expectations (213K) in May 29

United States Initial Jobless Claims 4-week average rose from previous 209K to 214.75K in May 29

Danske Research Team expects the ECB to raise its deposit rate by 25bp to 2.25% on June 11, in line with market pricing and consensus. They highlight upside surprises in core inflation and higher Oil futures, alongside weaker Euro area growth.

United States (US) President Donald Trump has criticized all Democratic and four Republican House members, through a post on Truth Social, for voting in favor of curbing the war against Iran. The House voted 215 to 208 in favor of the war powers resolution, as four Republicans voted with Democrats

Societe Generale strategists note that Central and Eastern European (CEE) policy paths are increasingly diverging, with Hungary moving toward easing while Poland and the Czech Republic remain on hold with a hawkish bias.

Ireland Gross Domestic Product (QoQ) below forecasts (-2%) in 1Q: Actual (-12.1%)

Ireland Gross Domestic Product (YoY) registered at -17.1%, below expectations (-6%) in 1Q

BNY’s Geoff Yu highlights that the ECB is heading into its blackout period with a rate hike effectively locked in, as Eurozone households’ 12‑month inflation expectations remain above 3%.

United States Challenger Job Cuts climbed from previous 83.687K to 97.006K in May

Spain 5-y Bond Auction: 2.947% vs previous 2.959%

Deutsche Bank’s Henry Allen and colleagues highlight that Brent Oil has reversed earlier gains as reports of a conditional ceasefire between Israel and Lebanon eased some geopolitical risk.