Indonesia Consumer Confidence dipped from previous 123 to 120.9 in May

China Consumer Price Index (MoM) came in at -0.1%, above expectations (-0.2%) in May

China Producer Price Index (YoY) came in at 3.9%, above expectations (3.8%) in May

China Consumer Price Index (YoY) below forecasts (1.3%) in May: Actual (1.2%)

AUD/USD extends its losses for the second successive day, trading around 0.7020 during the Asian hours on Wednesday. Traders will likely await the release of Consumer Price Index (CPI) and Producer Price Index (PPI) data for May from China, Australia’s close trading partner, due later in the day.

Japan Producer Price Index (MoM) above forecasts (0.5%) in May: Actual (0.9%)

Japan Producer Price Index (YoY) above forecasts (5.5%) in May: Actual (6.3%)

The United States (US) officials said that the second round of strikes in Iran is taking place now, targeting air defense and radar systems, Axios reported early Wednesday.

Argentina Industrial Output n.s.a (YoY) declined to -2.8% in April from previous 5%

United States 3-Year Note Auction climbed from previous 3.965% to 4.192%

United States (US) President Donald Trump claimed that last night, Iranians shot down a US military Apache helicopter while patrolling the Strait of Hormuz.

United States 52-Week Bill Auction climbed from previous 3.65% to 3.75%

UOB’s Enrico Tanuwidjaja and Vincentius Ming Shen note that Indonesia’s FX reserves fell further in May as Bank Indonesia (BI) stepped up interventions to support the Rupiah, which has weakened sharply year-to-date.

Rabobank describes Canada’s economy as fragile, with back-to-back quarterly contractions marking a technical recession and weak investment and trade dragging growth.

Brown Brothers Harriman’s (BBH) Elias Haddad reports that USD/CNH is falling toward support at its June multi-year low as broad Dollar weakness combines with China’s stronger-than-expected trade surplus, driven by AI-related exports and semiconductor imports.

Commerzbank’s Charlie Lay explains that Korean authorities announced new measures to support the Korean Won, including tighter oversight of offshore FX derivatives, scrutiny of suspected misconduct, and expanded FX hedging by the National Pension Service via USD forward selling.

United States Wholesale Inventories above forecasts (0.5%) in April: Actual (0.6%)

United States Existing Home Sales (MoM) came in at 4.17M, above expectations (4.07M) in May

United States Existing Home Sales Change (MoM) rose from previous 0.2% to 3.2% in May

Societe Generale notes China’s trade surplus widened to USD 105.4 billion in May, driven by a 19.4% year‑on‑year surge in exports led by AI‑related equipment.

United States Redbook Index (YoY) rose from previous 9% to 9.1% in June 5

Brown Brothers Harriman’s (BBH) Elias Haddad notes that USD/IDR retreated sharply after hitting a fresh record high, as Bank Indonesia delivered an unscheduled 25 bps hike to 5.50%, following a surprise 50 bps move in May.

Royal Bank of Canada (RBC) economist Claire Fan argues that recent contractions in Canadian GDP do not signal a recession, noting that the C.D. Howe Institute Business Cycle Council shares this view. She emphasizes that sharp swings in population growth distort traditional GDP readings.

United States Goods Trade Balance dipped from previous $-82.4B to $-83.7B in April

Canada Exports up to $75.16B in April from previous $72.77B

Canada International Merchandise Trade registered at $2.72B above expectations ($2.6B) in April

Canada Imports rose from previous $70.99B to $72.44B in April

United States Goods and Services Trade Balance came in at $-55.9B, above expectations ($-56.1B) in April

Private-sector hiring in the US has cooled in late May. The NER Pulse, which is the weekly companion to the ADP National Employment Report, shows that companies added an average of 29K jobs per week in the four weeks ending May 23.

Mexico reported that 12-month inflation rose by 3.94% in May, down from 4.45% previously and the 4.03% expected by market participants.