News

RBA Minutes signal expectations for rates had declined: What it means for the Australian Dollar

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

Source  Fxstreet1782783616
Japan’s Katayama: Will respond appropriately to currency moves at any time as needed

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

Source  Fxstreet1782783203
China’s NBS Manufacturing PMI beats expectation in June: What 50.3 means for the Australian Dollar

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. 

Source  Fxstreet1782783107

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

Source  Fxstreet1782783039

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

Source  Fxstreet1782783024

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

Source  Fxstreet1782783014

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

Source  Fxstreet1782783010
Breaking: Japanese Yen plummets below 162.00, fresh four-decade low against USD

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.

Source  Fxstreet1782781296

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

Source  Fxstreet1782781200

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

Source  Fxstreet1782777062

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

Source  Fxstreet1782777033

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

Source  Fxstreet1782777004

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

Source  Fxstreet1782775803

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

Source  Fxstreet1782775801
Gold declines to near $4,000 as inflation concerns reinforce higher-rate outlook

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.

Source  Fxstreet1782774893

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

Source  Fxstreet1782774001
Chinese Yuan: Range trade persists, downside risk intact against US Dollar – UOB

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.

Source  Fxstreet1782764431
ECB’s Lagarde: ECB can raise rates to address inflation without fear

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.

Source  Fxstreet1782760855
US Treasury yields steady as Fed bets offset Oil calm

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.

Source  Fxstreet1782759787
Singapore Dollar: Consolidates near recent lows against US Dollar – UOB

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.

Source  Fxstreet1782757055
Asian FX: Vulnerable under risk-off and stronger Dollar – OCBC

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.

Source  Fxstreet1782744975

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

Source  Fxstreet1782743414
Chinese Yuan: China slowdown weighs on CNY against US Dollar – Commerzbank

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.

Source  Fxstreet1782742320
June Payrolls Face Early 'Major Test': Fed Rate Hike Probability This Year Soars, Global Assets Face Liquidity Shock

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

Source  Tradingkey1782739807
Kevin Warsh isn't expected to say much in Sintra: That's exactly why markets will listen

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.

Source  Fxstreet1782739626
Eurozone: Heatwaves add macro risk for growth – ING

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.

Source  Fxstreet1782736766
Euro: Cyclical Dollar strength versus EUR risks – Rabobank

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.

Source  Fxstreet1782735150
Euro area: Oil-driven inflation relief but ECB wary – Commerzbank

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.

Source  Fxstreet1782733449
UK’s Burnham promises of Labour’s policy continuation

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.

Source  Fxstreet1782731734

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

Source  Fxstreet1782729493
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