Deutsche Bank strategists note that the S&P 500 delivered its strongest weekly gain since early May, supported by a softer US payrolls print and a dovish repricing of Fed expectations.

Germany Factory Orders n.s.a. (YoY): 6.2% (May) vs 1.6%

Germany's Factory Orders jumps 1.9% in May, faster than 1.2% estimates, according to the official data published by the Federal Statistics Office on Monday. In April, the economic data was declined by 3.2%, revised higher from -3.8%.

Germany Factory Orders s.a. (MoM) came in at 1.9%, above expectations (1.2%) in May

USD/IDR rises for the second successive day, trading around 18,040 during the Asian hours on Monday. The pair appreciates as the US Dollar receives support from prevailing market expectations of Federal Reserve (Fed) interest rate hikes later this year.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after remaining unchanged in the previous day and trading around 101.00 during the Asian hours on Monday.

Singapore Retail Sales (MoM) dipped from previous 0.3% to -2.3% in May

Singapore Retail Sales (YoY): 3% (May) vs previous 5.4%

European Central Bank (ECB) Governing Council member Emmanuel Moulin said at the Rencontres Economiques conference in Aix-en-Provence on Saturday that the central bank is in a “good position” after raising interest rates in its June policy meeting, with inflation easing alongside the slump in oil pr

Australia ANZ Job Advertisements declined to -0.2% in June from previous 1.8%

Australia TD-MI Inflation Gauge (YoY) fell from previous 4.4% to 3.9% in June

New Zealand ANZ Commodity Price fell from previous 0.7% to -1% in June

Australia TD-MI Inflation Gauge (MoM): -0.4% (June) vs previous -0.3%

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UOB’s Quek Ser Leang notes that USD/CNH has seen a slight pickup in downward momentum, but still expects the pair to remain range-bound. The bank now looks for a lower intraday band around 6.7820–6.7940, while its 1–3 week view stays neutral, with USD/CNH likely to trade between 6.7750 and 6.8080.

Commerzbank highlights that strong Singapore manufacturing and electronics PMIs underpin a constructive growth outlook, with Q2 GDP expected to exceed Q1’s 6% expansion. Against this backdrop, USD/SGD has eased slightly but remains near this year’s highs.

Societe Generale notes that stronger-than-expected China PMI data suggest slow but steady growth, reducing urgency for the PBoC to ease policy. The bank highlights that USD/CNY has fallen back below its 50-day moving average as Yuan strength reflects robust exports supported by the global AI boom.

UOB’s Quek Ser Leang notes that USD/SGD’s sharp drop toward 1.2900 looks overdone, but the pair may still test support near 1.2890 in the near term before stabilising.

Societe Generale economist Kunal Kundu explains that the Reserve Bank of India’s revised Standardised Approach for credit-risk capital will tie regulatory risk weights to both borrower ratings and each agency’s historical default performance from April 2027.

Royal Bank of Canada (RBC) economists Claire Fan and Nathan Janzen assess the implications of the U.S. decision not to extend CUSMA (Canada-United States-Mexico Agreement) on July 1st.

Wells Fargo Economics expects Japan’s May labor cash earnings to confirm a sustained wage-price cycle, supporting Bank of Japan (BoJ) policy normalization.

TD Securities strategists highlight that the June United Kingdom (UK) Decision Maker Panel (DMP) survey shows one‑year inflation expectations easing while three‑year expectations stay near 3%.

Societe Generale economists Sam Cartwright, Michel Martinez and Jorge Garayo note that Euro area inflation has not yet shown indirect effects from the energy shock in food or goods prices.

Rabobank strategists Bas van Geffen and Lyn Graham-Taylor note that the European Central Bank (ECB) is reportedly considering raising the minimum reserve requirement from 1% to 2%, primarily as a cost-reduction measure.

Mexico Consumer Confidence s.a climbed from previous 43.5 to 43.8 in June

Mexico Consumer Confidence rose from previous 43.1 to 43.8 in June

TD Securities strategists expect the ISM Services index to retreat in June after May’s gain, pointing to broad-based slowing in US activity and new orders while employment remains in contraction.

Wells Fargo Economics sees Canada’s labor market as soft but stabilizing after a strong May rebound, with employment growth under 1% year over year and gains concentrated in full-time jobs.

Wells Fargo Economics expects Mexico’s June CPI to confirm gradual disinflation, with headline and core inflation easing but services prices still sticky.

Societe Generale notes that CEE FX is being shaped by diverging inflation and policy signals across the region.