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

India RBI Interest Rate Decision (Repo Rate) in line with forecasts (5.25%)

India Reverse Repo Rate remains unchanged at 3.35%

The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for May on Friday at 12:30 GMT. 

USD/KRW extends its five-day winning streak, trading around 1,540 after hitting 1,549, a level previously seen in March 2009, during the Asian hours on Friday. The South Korean Won continues to decline despite explicit pledges from government officials to curb excessive market volatility.

USD/JPY extends its losses for the second successive day, trading around 159.90 during the Asian hours on Friday. The currency pair depreciated as the Japanese Yen (JPY) found support from heightened fears of government intervention.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Friday at 6.8157 compared to the previous day's fix of 6.8203 and 6.7735 Reuters estimate.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $90.85 during the early Asian trading hours on Friday. The WTI price trades with mild losses as traders continue to assess the developments surrounding the US-Iran peace deal. 

Japan’s Finance Minister Satsuki Katayama said on Friday that the authorities are always ready to react suitably as needed on foreign exchange.

Japan JP Foreign Reserves dipped from previous $1383B to $1B in May

Japan Overall Household Spending (YoY) came in at -0.5%, above forecasts (-1.5%) in April

Japan Labor Cash Earnings (YoY) came in at 3.5%, above expectations (3.2%) in April

South Korea Current Account Balance declined to 28.29B in April from previous 37.33B

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/SGD has broken to a two‑month high near 1.2840, with strong momentum pointing to further Dollar strength against the Singapore Dollar.

Commerzbank highlights that Vietnam’s May Consumer Price Index (CPI) rose to 5.6% year-on-year, the highest since January 2020, driven by food and energy costs, while the trade deficit widened to a record USD 5.2 billion on strong import growth.

UOB’s Quek Ser Leang and Lee Sue Ann report a sharp rebound in USD/CNH above 6.78, which invalidated their prior bearish view. They now see the pair as neutral, expecting consolidation between 6.7620 and 6.7980 near term, with 6.7850 and 6.7980 acting as key resistance levels.

Jeffrey Schmid, President of the Federal Reserve (Fed) Bank of Kansas City, said on Thursday that inflation remains the primary threat to the US economy, while raising questions about whether the Fed may need to keep interest rates elevated or even tighten policy further to ensure price stability.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights that the Korean Won is underperforming, with USD/KRW surging to its highest level since 2009.

Mary Daly, President of the Federal Reserve Bank of San Francisco, said on Thursday that inflation remains the Federal Reserve's (Fed) primary concern, while emphasizing uncertainty around the economic outlook and the future path of interest rates.

United States 4-Week Bill Auction fell from previous 3.63% to 3.615%

ING highlights that investment funds in TTF gas remain relatively relaxed despite LNG supply disruptions in the Middle East.

United States EIA Natural Gas Storage Change below expectations (99B) in May 29: Actual (95B)

TD Securities expects the Bank of Canada to stay data dependent despite USMCA uncertainty. The bank sees a high bar for trade risks to alter the current path, with the next BoC hike projected for Q1 2027 while the Fed shifts toward easing.

RaboResearch Global Economics & Markets discusses how the Australian Dollar has been one of the best-performing G10 currencies in 2026, helped by three RBA rate hikes, but notes recent softer Australian data suggest the cycle may be near its peak.

Nordea economists Jan von Gerich and Tuuli Koivu expect the European Central Bank (ECB) to raise rates by 25bp at the June meeting and signal a hawkish stance without firm pre-commitments.

ING’s Frantisek Taborsky reports that the National Bank of Poland (NBP) governor struck a dovish tone after a downside inflation surprise, seeing no need for rate hikes unless Oil prices or fuel caps change.

Russia Central Bank Reserves $ declined to $748.7B from previous $753.8B

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 225K for the week ending May 30.

Societe Generale’s Anatoli Annenkov expects the ECB to deliver a 25bp risk-dependent insurance hike from a neutral stance, stressing data-dependency and trade-offs from early action.

United States Unit Labor Costs came in at 1.8% below forecasts (2.3%) in 1Q