OCBC’s FX Strategist Sim Moh Siong says softer Oil prices offer only limited relief to Asia FX, with the Korean Won and Indonesian Rupiah still pressured by equity outflows and policy concerns.

UOB economists say Thailand’s May Consumer Price Index (CPI) eased slightly but stayed near the top of the Bank of Thailand's (BoT) target, with core inflation still subdued. They stress that price gains are driven by fuel, transport and prepared food rather than broad demand.

Deutsche Bank analysts underscore that stronger Japanese wage data and resilient household spending are reinforcing expectations for Bank of Japan (BoJ) tightening. Real and nominal wages are rising at the fastest pace since 2024, with futures pricing a high probability of a June hike.

Societe Generale analysts Kunal Kundu and Galvin Chia note that the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) kept the repo rate at 5.25% with a neutral stance, while cutting FY27 Gross Domestic Product (GDP) growth to 6.6% and raising FY27 Consumer Price Index (CPI) inflation to

Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that it remains reasonable to keep interest rates steady for now, but she warned that if recent economic trends continue, policymakers may soon need to take action to address persistently high inflation.

Rabobank argues that closer EU–UK ties under Prime Minister Starmer will proceed through targeted, technical agreements that only marginally improve the United Kingdom’s growth outlook.

Nomura analysts expects the European Central Bank's (ECB) June macroeconomic projections to incorporate higher market rate assumptions and exclude May Harmonised Indices of Consumer Prices (HICP) data.

Turkey Treasury Cash Balance climbed from previous -251.242B to -128.35B in May

Kristian Nummelin at Nordea expects the European Central Bank to hike rates next week as elevated inflation and strong core momentum keep price pressures in focus. Markets are pricing a similar outcome.

Canada Ivey Purchasing Managers Index s.a came in at 58.2, above expectations (55) in May

TD Securities’ Global Strategy Team expects the ECB to raise the deposit rate to 2.25% in response to persistently high energy prices.

Commerzbank’s Thu Lan Nguyen reports that US Aluminium supply remains tight more than a year after tariffs, with a planned Oklahoma smelter blocked on environmental and ownership grounds. Domestic production has actually fallen, while high prices and import premiums damp demand.

TradingKey - Em 5 de junho, ET, o último relatório de emprego divulgado pelo Bureau of Labor Statistics dos EUA mostrou que as folhas de pagamento não agrícolas (nonfarm payrolls) dos EUA aumentaram e

Bob Savage at BNY notes that the Reserve Bank of India kept the repo rate at 5.25% and a neutral stance, while unveiling measures to support the Rupee and attract foreign capital.

United States U6 Underemployment Rate up to 8.1% in May from previous -8%

United States Unemployment Rate meets expectations (4.3%) in May

United States U6 Underemployment Rate rose from previous -8% to 52% in May

United States Average Weekly Hours in line with expectations (34.3) in May

United States Labor Force Participation Rate remains at 61.8% in May

United States Average Hourly Earnings (YoY) meets expectations (3.4%) in May

United States Average Hourly Earnings (MoM) in line with expectations (0.3%) in May

United States Nonfarm Payrolls registered at 172K above expectations (85K) in May

Canada Participation Rate below expectations (65.1%) in May: Actual (65%)

Canada Unemployment Rate below expectations (6.9%) in May: Actual (6.6%)

Canada Net Change in Employment above forecasts (10K) in May: Actual (87.8K)

Nordea’s Kristian Nummelin notes that strong US data and higher energy prices have recently supported the Dollar, as payrolls, ISM indices and JOLTS all point to a resilient US economy.

Nomura’s Andrzej Szczepaniak and team expect the European Central Bank (ECB) to begin a recalibration phase at the 11 June meeting, with a 25bp hike in the depo rate to 2.25%.

Mexico Consumer Confidence declined to 43.1 in May from previous 44.3

Mexico Consumer Confidence s.a: 43.5 (May) vs previous 44.4

TD Securities economists expect Canada’s May employment to rise by 5k versus the market’s 10k, after an 18k loss in April, with the unemployment rate steady at 6.9%.