France Budget Balance dipped from previous €-69.6B to €-93.3B in May

Commerzbank’s Volkmar Baur sees only a 50% market-implied probability for another Reserve Bank of Australia (RBA) hike this year and disagrees with that pricing.

Switzerland’s Consumer Price Index (CPI) rose by 0.5% year-over-year (YoY) in June, compared to a rise of 0.6% in May, the latest data published by the Swiss Federal Statistical Office  showed on Wednesday. The market consensus was for 0.5% growth in the reported period.

Switzerland Consumer Price Index (YoY) meets forecasts (0.5%) in June

Switzerland Consumer Price Index (MoM) came in at 0% below forecasts (0.1%) in June

Toshihiro Nagahama, a key private-sector member on Japanese Prime Minister Takaichi's Council on Economic and Fiscal Policy, comments on the Bank of Japan’s (BoJ) monetary policy decision.

The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for June on Thursday at 12:30 GMT. 

Japanese officials are moving away from telegraphing intervention risk and signaling a more targeted campaign to squeeze speculators and raise the cost of betting against the battered Japanese Yen (JPY), Reuters reported on Thursday.

USD/IDR inches lower after opening at a bullish gap, remaining in the positive territory for the fourth consecutive day, trading around 18,030 during the Asian hours on Thursday.

AUD/JPY remains flat after recovering daily losses, trading around 112.10 during the Asian hours on Thursday. The currency cross held its ground as the Australian Dollar (AUD) showed resilience, even after domestic trade data significantly missed market expectations.

Australia's Trade Balance shifted to deficit of A$3,018M MoM in May, followed a surplus of A$1,383M in the previous reading (revised from A$1,791M), according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.

Australia Trade Balance (MoM) came in at -3018M below forecasts (2200M) in May

Australia Exports (MoM) declined to -6.9% in May from previous 7.2%

Australia Imports (MoM) increased to 2.6% in May from previous 0.8%

Japan Monetary Base (YoY) registered at -13.7%, below expectations (-10%) in June

Japan Foreign Investment in Japan Stocks dipped from previous ¥479.4B to ¥-1B in June 26

Qatar’s Foreign Ministry spokesperson said that “positive progress” was made on issues related to the Memorandum of Understanding (MoU) following separate meeting of Qatari and Pakistani mediators with the US and Iranian delegation in Doha, CNN reported on Wednesday.

South Korea Consumer Price Index Growth (MoM) meets forecasts (0.1%) in June

South Korea Consumer Price Index Growth (YoY) meets forecasts (3.2%) in June

On Wednesday, the Bank of Mexico (Banxico) revealed that private analysts reduced their inflation expectations for the end of 2026, and updated estimates for economic growth, the exchange rate and the level of the interbank lending rate.

Societe Generale analysts observe that USD/KRW stalled after meeting interim resistance around 1561 in June and now looks set to trade within a range. They see limited evidence of a large decline, with 1530 as initial support on pullbacks.

Speaking at a policy panel at the European Central Bank’s (ECB) Forum on Central Banking on Wednesday, Bank of Canada (BoC) Governor Tiff Macklem said that Canada’s economy remains soft, while inflation is still running clearly above target.

Commerzbank’s Thailand update says May data show broadly stable economic conditions, with exports still supported by global electronics demand but facing risks from US trade policy and regional manufacturing weakness.

Michael Wan at MUFG reports that China’s manufacturing and non-manufacturing PMI data surprised on the upside, easing fears of imminent policy easing.

UOB’s Quek Ser Leang notes USD/SGD is consolidating after Monday’s dip, with intraday momentum flat and the pair expected to hold a narrow 1.2925–1.2955 band. On a 1–3 week horizon, the bank keeps a neutral stance, projecting a broader 1.2870–1.2970 range.

Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.

Russia Unemployment Rate down to 2.1% in May from previous 2.2%

At the ECB Forum in Sintra, Fed Chair Kevin Warsh largely followed the script, offering little to change the market’s current view on monetary policy.

Societe Generale’s Dev Ashish notes that Banco de la República delivered a larger-than-expected 75bp hike to 12%, reinforcing a restrictive stance as inflation and expectations stay well above target.

DBS' Senior Economist Radhika Rao with data support from Daisy Sharma, highlights that India’s real Gross Domestic Product (GDP) grew 7.8% year-on-year in 1Q26, slightly below the revised 8.0% in 3QFY26.