Australia Current Account Balance below expectations (-23B) in 1Q: Actual (-27.123B)

Australia Building Permits (YoY) up to 10.2% in April from previous 9%

Australia Current Account Balance registered at -27.1B, below expectations (-23B) in 1Q

Australia Company Gross Operating Profits (QoQ) below expectations (0.5%) in 1Q: Actual (-1.3%)

Australia Building Permits (MoM) below forecasts (-1.5%) in April: Actual (-3.4%)

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8187 compared to the previous day's fix of 6.8167 and 6.7720 Reuters estimate.

Reserve Bank of Australia (RBA) board member Ian Harper said on Tuesday that inflation persistence remains a significant issue. Harper added that market indicators of inflation expectations rise, causing concern.

Japan’s Finance Minister Satsuki Katayama said on Tuesday that the volatility in oil markets persists and the authorities are ready to take suitable measures. Katayama declines to comment on currency intervention. 

The USD/JPY pair enters a bullish consolidation phase during the Asian session on Tuesday and trades around the 159.70 area, or over a one-month high touched the previous day.

West Texas Intermediate (WTI) oil price edges lower after registering a 4.71% gain in the previous day, trading around $90.60 per barrel during the Asian hours on Tuesday.

The EUR/USD pair posts modest gains around 1.1635 during the early Asian session on Tuesday. Nonetheless, the potential upside might be limited, as Iran announced a halt to US negotiations and a full closure of the Strait of Hormuz, which could prompt risk-off sentiment.

Ireland AIB Manufacturing PMI up to 55.9 in May from previous 54.9

Japan Monetary Base (YoY) dipped from previous -11.3% to -12.2% in May

US President Donald Trump said that he will have an agreement with Iran to extend the ceasefire and reopen the Strait of Hormuz "over the next week,” ABC News reported on Monday.

HSBC Asset Management reports that emerging market equities have been resilient in 2026, with a notable divergence between Chinese onshore and offshore markets.

Gold price (XAU/USD) declines to around $4,485 during the early Asian session on Tuesday. The precious metal loses ground as renewed tensions in the Middle East continue to fuel concerns over inflation and expectations of elevated interest rates.

South Korea Consumer Price Index Growth (MoM) came in at 0.5%, above expectations (0.3%) in May

South Korea Consumer Price Index Growth (YoY) above forecasts (3%) in May: Actual (3.1%)

The Australian Dollar loses traction and edges down 0.30% on Monday as risk appetite soured due to Iran halting negotiations with the US, as Israel intensified attacks in Lebanon.

Volkmar Baur at Commerzbank argues that market concerns over Japan’s fiscal stance are exaggerated, even after a new 3.1 trillion JPY supplementary budget funded largely by debt.

Bitcoin (BTC) declined below the $72,000 level on Monday as geopolitical tensions escalated following Iran's decision to suspend ceasefire talks with the US.

ING’s Frantisek Taborsky expects Central and Eastern European FX to start the month cautiously despite improving sentiment and busy local data.

Pound Sterling has the rare luxury, or curse, of a completely blank week. There is no first-tier United Kingdom data on the docket, no Bank of England (BoE) event, nothing for the Pound to trade on its own merits.

The New Zealand Dollar (NZD) is in an odd spot: it has one of the few central banks in the developed world openly leaning toward higher rates, yet it still spent Monday on the back foot, down close to 1% on the day. That tells you most of what you need to know about whose week this is.

The Japanese Yen (JPY) keeps doing the one thing Tokyo least wants: drifting weaker into the zone where intervention becomes a live question. USD/JPY firmed back above 159.50 and pressed toward the 160.00 handle on Monday, the same threshold that triggered official Yen-buying at the end of April.

BNP Paribas reports that Chinese GDP growth accelerated to 5.0% year-on-year in Q1 2026 from 4.5% in Q4 2025, but is expected to slow moderately over the year. The bank highlights a K-shaped trajectory, with dynamic exports but sluggish domestic demand and ongoing property sector stress.

The USD/CHF forms a ‘bullish piercing’ chart pattern, which confirms further upside, but it faces key resistance at the 50-day Simple Moving Average (SMA) at 0.7868. At the time of writing, the pair is trading at 0.70% gains, around 0.7860.