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Singapore Dollar: Firm NEER with mild upside against US Dollar – OCBC
OCBC’s FX Strategist Sim Moh Siong expects the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) to trade 1.5–2% above midpoint, supported by de-dollarisation and safe-haven flows, even as reduced carry tempers its appeal.
USD/SGD
Fxstreet
Fri, Jun 5
Chinese Yuan: Gradual appreciation expected versus Dollar – Nordea
Nordea’s Kristian Nummelin highlights that the Chinese yuan has been the best-performing Asian currency this year, appreciating against both the Dollar and the Euro despite widening US–China yield spreads.
USD/CNH
Fxstreet
Fri, Jun 5
Asia FX: KRW and IDR face technical strain – OCBC
OCBC’s FX Strategist Sim Moh Siong says softer Oil prices offer only limited relief to Asia FX, with the Korean Won and Indonesian Rupiah still pressured by equity outflows and policy concerns.
Fxstreet
Fri, Jun 5
Thailand: Cost-push pressures but no overheating – UOB
UOB economists say Thailand’s May Consumer Price Index (CPI) eased slightly but stayed near the top of the Bank of Thailand's (BoT) target, with core inflation still subdued. They stress that price gains are driven by fuel, transport and prepared food rather than broad demand.
Fxstreet
Fri, Jun 5
Japan: Wage gains bolster BoJ hike case – Deutsche Bank
Deutsche Bank analysts underscore that stronger Japanese wage data and resilient household spending are reinforcing expectations for Bank of Japan (BoJ) tightening. Real and nominal wages are rising at the fastest pace since 2024, with futures pricing a high probability of a June hike.
USD/JPY
Fxstreet
Fri, Jun 5
Indian Rupee: RBI pause supports INR outlook – Societe Generale
Societe Generale analysts Kunal Kundu and Galvin Chia note that the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) kept the repo rate at 5.25% with a neutral stance, while cutting FY27 Gross Domestic Product (GDP) growth to 6.6% and raising FY27 Consumer Price Index (CPI) inflation to
Fxstreet
Fri, Jun 5
Fed's Hammack says holding interest rates steady remains reasonable
Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that it remains reasonable to keep interest rates steady for now, but she warned that if recent economic trends continue, policymakers may soon need to take action to address persistently high inflation.
US Dollar Index
Fxstreet
Fri, Jun 5
United Kingdom: Gradual EU reset shapes growth outlook – Rabobank
Rabobank argues that closer EU–UK ties under Prime Minister Starmer will proceed through targeted, technical agreements that only marginally improve the United Kingdom’s growth outlook.
Fxstreet
Fri, Jun 5
Euro area: Growth forecasts face modest downgrades – Nomura
Nomura analysts expects the European Central Bank's (ECB) June macroeconomic projections to incorporate higher market rate assumptions and exclude May Harmonised Indices of Consumer Prices (HICP) data.
Fxstreet
Fri, Jun 5
Turkey Treasury Cash Balance climbed from previous -251.242B to -128.35B in May
Turkey Treasury Cash Balance climbed from previous -251.242B to -128.35B in May
Fxstreet
Fri, Jun 5
Euro: ECB hiking cycle seen extending to 3% – Nordea
Kristian Nummelin at Nordea expects the European Central Bank to hike rates next week as elevated inflation and strong core momentum keep price pressures in focus. Markets are pricing a similar outcome.
EUR/USD
Fxstreet
Fri, Jun 5
Canada Ivey Purchasing Managers Index s.a came in at 58.2, above expectations (55) in May
Canada Ivey Purchasing Managers Index s.a came in at 58.2, above expectations (55) in May
Fxstreet
Fri, Jun 5
European Central Bank: Credibility costs 25bps – TD Securities
TD Securities’ Global Strategy Team expects the ECB to raise the deposit rate to 2.25% in response to persistently high energy prices.
EUR/USD
Fxstreet
Fri, Jun 5
Aluminium: US supply strain risks demand destruction – Commerzbank
Commerzbank’s Thu Lan Nguyen reports that US Aluminium supply remains tight more than a year after tariffs, with a planned Oklahoma smelter blocked on environmental and ownership grounds. Domestic production has actually fallen, while high prices and import premiums damp demand.
Fxstreet
Fri, Jun 5
Indian Rupee: RBI holds but defends INR – BNY
Bob Savage at BNY notes that the Reserve Bank of India kept the repo rate at 5.25% and a neutral stance, while unveiling measures to support the Rupee and attract foreign capital.
Fxstreet
Fri, Jun 5
United States U6 Underemployment Rate up to 8.1% in May from previous -8%
United States U6 Underemployment Rate up to 8.1% in May from previous -8%
Fxstreet
Fri, Jun 5
United States Unemployment Rate meets expectations (4.3%) in May
United States Unemployment Rate meets expectations (4.3%) in May
Fxstreet
Fri, Jun 5
United States U6 Underemployment Rate rose from previous -8% to 52% in May
United States U6 Underemployment Rate rose from previous -8% to 52% in May
Fxstreet
Fri, Jun 5
United States Average Weekly Hours in line with expectations (34.3) in May
United States Average Weekly Hours in line with expectations (34.3) in May
Fxstreet
Fri, Jun 5
United States Labor Force Participation Rate remains at 61.8% in May
United States Labor Force Participation Rate remains at 61.8% in May
Fxstreet
Fri, Jun 5
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