Japan Retail Trade s.a (MoM) up to 1.9% in May from previous 1.3%
Japan Retail Trade s.a (MoM) up to 1.9% in May from previous 1.3%
WTI tumbles below $70.00 as US and Iran agree to halt attacks, renew talks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.60 during the early Asian trading hours on Monday. The WTI price falls after reports that the United States (US) and Iran have agreed to pause strikes and plan talks in Qatar on Tuesday.
UK’s Burnham to unveil plan to shift power from London
The former Greater Manchester mayor and the Labour lawmaker, Andy Burnham, will outline his vision for the United Kingdom (UK) on Monday, the Guardian reported.
Japan Large Retailer Sales climbed from previous 2% to 5% in May
Japan Large Retailer Sales climbed from previous 2% to 5% in May
Euro remains stronger despite uncertainty surrounding US-Iran talks
EUR/USD pair maintains its upward momentum for a third consecutive session, trading near 1.1390 during Monday's Asian hours. Despite this positive streak, the Euro’s (EUR) gains could face headwinds if geopolitical uncertainty sparks a flight to safety, boosting the US Dollar (USD).
Iran insists on control of Hormuz amid reports of US talks
Iran’s Foreign Minister Abbas Araghchi said that responsibility for the Strait of Hormuz lies solely with Tehran and warned that any attempt to bypass its preferred route in the waterway will cause “tension and escalation,” Aljazeera reported on Monday.
British Pound edges lower due to safe-haven demand
GBP/USD inches lower after opening at a bullish gap, trading around 1.3200 during the Asian hours on Monday.
PBOC sets USD/CNY reference rate at 6.8175 vs. 6.8166 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8175 compared to the previous day's fix of 6.8166 and 6.8041 Reuters estimate.
RBA’s Kent says central bank will be better prepared to handle next crisis
Reserve Bank of Australia (RBA) Assistant Governor Chris Kent said during a review of alternative monetary policy tools that the central bank will be better prepared to respond to the next crisis it faces, Bloomberg reported on Monday.
Thailand: AI-linked momentum but 2027 slowdown – HSBC
HSBC notes that Thailand’s 1Q26 growth beat expectations on the back of strong electronics exports and robust private investment and consumption, supported by AI-related activity and fiscal stimulus.
Singapore Dollar: Gains momentum against US Dollar – OCBC
OCBC’s FX strategists Sim Moh Siong and Christopher Wong highlight that USD/SGD has eased as US Dollar (USD) momentum softened on core Personal Consumption Expenditures (PCE) Price Index data, with the pair around 1.2960.
Vietnam: Strong growth but rising inflation risks – HSBC
HSBC portrays Vietnam as one of Asia’s fastest-growing economies, supported by booming electronics exports and import-intensive manufacturing.