US Secretary of State Marco Rubio criticizes Iran for considering a tolling system near the Strait of Hormuz, a critical chokepoint to all 20% of global energy supply, saying, “Hormuz tolling would set an unacceptable precedent” during the European trading session on Thursday.

Deutsche Bank strategists report that Micron’s strong revenue outlook has reignited hopes for AI-driven growth, boosting NASDAQ 100 and S&P 500 futures after recent losses.

Italy Industrial Sales n.s.a. (YoY) down to 3.2% in April from previous 4.4%

Italy Industrial Sales s.a. (MoM) declined to 0.3% in April from previous 2%

Italy Industrial Sales s.a. (MoM) down to 0.3% in April from previous 2%

Commerzbank notes that the Bank of Thailand (BoT) kept its policy rate at 1.0% and signalled a cautious stance, prioritizing growth risks over inflation. USD/THB has risen for five consecutive sessions, up 0.9% to 33.43.

Societe Generale notes that Indian money markets have continued to unwind tightening expectations, with the 1-year swap rate dropping to 5.75% and the 10-year IGB yield easing to 6.80%.

European Central Bank (ECB) policymaker Isabel Schnabel reiterates that the central bank is not done with monetary tightening yet, according to her remarks released by Econostream released during the European trading session on Thursday.

Spain Gross Domestic Product (QoQ) meets forecasts (0.6%) in 1Q

Spain Gross Domestic Product (YoY) meets expectations (2.7%) in 1Q

France Consumer Confidence meets forecasts (84) in June

Germany GfK Consumer Confidence Survey registered at -29.2, below expectations (-27.5) in July

The United States (US) Bureau of Economic Analysis (BEA) will publish the Personal Consumption Expenditures (PCE) Price Index data for May on Thursday at 12:30 GMT. 

Bank of Japan (BoJ) board member Naoki Tamura said on Thursday that Japan has already achieved the Bank of Japan’s (BoJ) 2% inflation target and the central bank must raise rates near neutral to avoid underlying inflation from overshooting above target.

The USD/CHF pair edges lower to around 0.8110, retreating from an 11-month high during the early European trading hours on Thursday.

Japan Coincident Index rose from previous 117.9 to 118.1 in April

Japan Leading Economic Index came in at 116.1, above expectations (115.9) in April

USD/IDR loses ground after three days of gains, trading around 17,970 during the Asian hours on Thursday. The pair depreciates as the Indonesian Rupiah (IDR) gains ground on improved domestic market sentiment.

Gold prices fell in India on Thursday, according to data compiled by FXStreet.

Australia Part-Time Employment increased to 35.2K in May from previous -7.9K

The Iranian Islamic Revolutionary Guards Corps (IRGC) said on Thursday that “safe transit through the Strait of Hormuz is possible only via routes designated by Iran.”

Australia’s Unemployment Rate fell to 4.4% in May from 4.5% in April, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus.

Australia Full-Time Employment rose from previous -10.7K to 5.2K in May

Australia Participation Rate came in at 66.7%, below expectations (66.8%) in May

Australia Unemployment Rate s.a. in line with forecasts (4.4%) in May

Australia Employment Change s.a. registered at 40.3K above expectations (25K) in May

Bank of Japan (BoJ) board member Naoki Tamura said on Thursday that Japan's neutral rate is about 2% and it is important to push the policy rate closer to the neutral level to avoid being forced into sharp rate hikes later.

West Texas Intermediate (WTI) oil price gains ground to trade around $69.90 per barrel during Asian hours on Thursday, snapping a three-day losing streak.

Japan Foreign Investment in Japan Stocks up to ¥479.4B in June 19 from previous ¥-785.1B

OCBC’s Sim Moh Siong and Christopher Wong note USD/SGD has drifted higher on broad US Dollar (USD) strength and softer risk sentiment, with daily momentum bullish and Relative Strength Index (RSI) overbought.