The Reserve Bank of Australia (RBA) published the Minutes of its June monetary policy meeting this Tuesday, with the details below. 

Japan’s Finance Minister Satsuki Katayama said on Tuesday that her government “will respond appropriately to currency moves at any time as needed.”

China’s official Manufacturing Purchasing Managers' Index (PMI) rose to 50.3 in June, compared to 50.0 in the previous reading. The reading came in above the market consensus of 50.1 in the reported month. 

Australia Private Sector Credit (YoY) up to 8.2% in May from previous 8%

China NBS Manufacturing PMI registered at 50.3 above expectations (50.1) in June

China NBS Non-Manufacturing PMI above forecasts (49.9) in June: Actual (50.2)

Australia Private Sector Credit (MoM) came in at 0.7%, above expectations (0.6%) in May

The USD/JPY pair surges past the critical 162.00 psychological threshold, hitting a fresh four-decade high during the Asian session on Tuesday. However, expectations of a possible intervention by Japanese authorities cap further upside.

New Zealand ANZ Business Confidence increased to 36.6 in June from previous 10

United Kingdom BRC Shop Price Index (YoY) below forecasts (1.3%) in June: Actual (1.2%)

Japan Industrial Production (YoY) down to -1.7% in May from previous 2%

Japan Industrial Production (MoM) below expectations (1.1%) in May: Actual (0.5%)

Japan Unemployment Rate in line with expectations (2.5%) in May

Japan Jobs / Applicants Ratio below expectations (1.18) in May: Actual (1.17)

Gold price (XAU/USD) declines to around $4,015 during the early Asian session on Tuesday. The precious metal extends its downside as inflationary pressure raised expectations that central banks would keep interest rates higher for longer.

South Korea Service Sector Output increased to 1.3% in May from previous -1%

UOB’s Senior Technical Strategist Quek Ser Leang expects USD/CNH to remain confined in a tight near-term range, with the Dollar likely to trade between 6.7950 and 6.8100. Despite easing upward momentum, UOB still sees scope for a move toward 6.8300 while 6.7900 holds as strong support.

European Central Bank (ECB) President Christine Lagarde delivered an introductory speech at the ECB Forum on Central Banking 2026 on Monday, warning that the Eurozone is likely to face more frequent shocks in the coming years that could move inflation away from the ECB’s target.

US Treasury yields steadied on Monday during the North American session, as tensions in the Middle East halted the decline in crude Oil prices, while money markets are still pricing in at least 34 basis points of Federal Reserve tightening in 2026.

United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD slipped to 1.2929 before recovering, with intraday price action still seen as range trading. For the day, the pair is expected to stay between 1.2930 and 1.2960.

OCBC’s Sim Moh Siong and Christopher Wong expect Asian FX to start the week on a softer footing as AI-led equity losses and renewed US–Iran tensions keep the Dollar bid.

United States Dallas Fed Manufacturing Business Index down to 0 in June from previous 0.4

Commerzbank analysts Charlie Lay and Dr. Henry Hao highlight that China’s industrial profit growth slowed to 21.1% year-on-year in May, with weaker consumption and investment pointing to easing momentum.

TradingKey - Due to the US Independence Day holiday on July 3, the June non-farm payrolls report, originally scheduled for Friday, will be released early on July 2.This data, widely regarded as a baro

Financial markets could find an important catalyst in the enchanting, fairytale-like landscape of  Sintra this week. The European Central Bank (ECB) Forum will, as it does every year, gather the crème de la crème of central banks.

ING’s Global Head of Macro Carsten Brzeski warns that recurring European heatwaves are becoming a structural drag on Eurozone growth. He cites academic and ECB research showing measurable losses in output and higher food inflation linked to extreme temperatures.

Rabobank's Senior FX Strategist Jane Foley discusses EUR/USD within a broader reassessment of Dollar drivers. Foley notes that even if the US Dollar (USD) is in long-term decline, cyclical forces can still support it.

Guntermann at Commerzbank notes that while Oil prices near pre-war levels reduce tail risks for growth, inflation and rate volatility, Euro area inflation is not falling fast enough to dispel European Central Bank (ECB) hawkishness.

United Kingdom (UK) Greater Manchester Mayor Andy Burnham has stated during the European trading session on Monday that his plans after getting the leadership position would be consistent with Labour’s 2024 manifesto.

India Cumulative Industrial Output increased to 5.1% in May from previous 4.1%