Mexico Fiscal Balance, pesos down to -226.3B in May from previous 0.293B

New Zealand NZIER Business Confidence (QoQ) climbed from previous 19% to 22% in 2Q

ECB President Christine Lagarde argued at the ECB Forum on Central Banking that uncertainty is expected to continue being a significant aspect of the global economy, which will likely lead to more volatile inflation and necessitate a stronger response from the ECB to maintain prices near its target.

Goldman Sachs (GS) stock led the Dow Jones Industrial Average (DJIA) on Monday, garnering a 2.3% advance and rising above $700 per share for the first time ever. GS stock reached an intraday all-time high of 714.86 before moving back to the region around $706.00 by the afternoon.

According to the White House, US President Donald Trump has formally complained about high interest rates to Federal Reserve (Fed) Chair Jerome Powell.

United States Dallas Fed Manufacturing Business Index increased to -12.7 in June from previous -15.3

Atlanta Fed President Raphael Bostic acknowledged the persistent uncertainty around tariffs and their inflationary impact, highlighting at the same time the Federal Reserve’s ability to remain patient given the strength of the labour market.

The US Treasury Secretary Scott Bessent said in a Bloomberg TV interview that the economy could see lower rates in the current context of tame inflation.

United States Chicago PMI came in at 40.4, below expectations (43) in June

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), edged lower to 2% in June from 2.1% in May, Destatis' flash estimate showed on Monday.

South Africa Trade Balance (in Rands) climbed from previous 14.08B to 21.67B in May

The Japanese Yen (JPY) is up 0.3% against the US Dollar (USD) and outperforming all of the G10 currencies as we enter Monday’s NA session.

US Dollar (USD) is likely to trade in a range of 7.1590/7.1780 against CNH (Chinese Yuan). In the longer run, there has been a tentative buildup in momentum; USD is likely to edge lower toward 7.1450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Pound Sterling (GBP) is soft and entering Monday’s NA session with a marginal 0.1% decline against the US Dollar (USD), trading just below last week’s multi-year highs, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

USD/CNH continued to trade in subdued ranges near its recent lows. Consistent trend of CNY fix being set stronger, relatively upbeat PMIs, confirmation of trade deal framework between US and China as well as a softer USD environment should continue to point to a more constructive outlook for RMB.

The markets are increasingly optimistic about the prospect of a permanent reduction in US tariffs after the end of the 90-day moratorium, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

The Chinese Purchasing Managers' Index, published this morning, shows a slight improvement, though it remains at a low level.

LME Copper has regained strong upward momentum after clearing the 50-day moving average, setting the stage for a potential move toward multi-month highs, Société Générale's FX analysts note, Société Générale's FX analysts note.

India Cumulative Industrial Output fell from previous 4% to 1.8% in April

India Manufacturing Output fell from previous 3.4% to 2.6% in May

India Industrial Output below forecasts (2.4%) in May: Actual (1.2%)

We have long argued that the rouble exchange rate (versus hard currencies such as the US dollar or euro) is a ‘technical fix’ or artificial exchange rate. This is because Russia's central bank itself and the Moscow exchange are sanctioned against trading in hard currencies.

Italy Trade Balance non-EU rose from previous €2.178B to €5.256B in May

Ireland Retail Sales (MoM) dipped from previous 1.1% to -0.6% in May

Ireland Retail Sales (YoY) fell from previous 3% to 1.6% in May

Greece Retail Sales (YoY) climbed from previous 0.3% to 7.5% in April

Greece Producer Price Index (YoY) climbed from previous 0.5% to 2% in May

USD/CAD is settling back lower after a Friday spike led by President Trump walking away from trade negotiations with Canada, ING's FX analyst Francesco Pesole notes.

Both the CFLP manufacturing and non-manufacturing PMIs added 0.2 pt from May. The contraction in manufacturing activity eased as frontloading continued while non-manufacturing expanded at a slightly faster pace due to a rebound in construction, UOB Group's economist Ho Woei Chen reports.

USD/JPY edges lower after losing recent gains registered in the previous session, trading around 144.20 during the European hours on Monday.