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India: Hawkish RBI stance and FY27 risks – DBS
DBS Group Research economist Radhika Rao says the Reserve Bank of India (RBI) kept its policy rate at 5.25% with a neutral stance but a clearly hawkish tone, focused on inflation and currency stability.
Fxstreet
Mon, Jun 8
NY Fed Consumer Inflation Expectations mostly unchanged, job market weakening
The New York Federal Reserve Bank released its May Survey of Consumer Expectations (SCE), in which households expect inflation to edge down a tick, despite upward pressures from the Middle East conflict.
US Dollar Index
Fxstreet
Mon, Jun 8
Bank of Canada: Unemployment focus urged – NBC
National Bank of Canada’s (NBC) Warren Lovely, Stéfane Marion and Matthieu Arseneau argue that the Bank of Canada (BoC) should add an explicit unemployment rate forecast to its quarterly Monetary Policy Report.
Fxstreet
Mon, Jun 8
Euro area: Growth noise and inflation outlook – Societe Generale
Societe Generale strategists argue that the negative 1Q Gross Domestic Product (GDP) print mainly reflects Irish volatility rather than broad weakness, with ex‑Ireland growth at 0.3% qoq and stronger PMI and French industrial data.
Fxstreet
Mon, Jun 8
Norwegian Krone : Norges Bank stance supports NOK crosses – BBH
Brown Brothers Harriman’s Elias Haddad (BBH) notes that May Consumer Price Index (CPI) in Norway could be pivotal, with a hot print potentially bringing forward another Norges Bank hike after its surprise May move.
USD/NOK
Fxstreet
Mon, Jun 8
Indian Rupee: RBI measures support INR near term – MUFG
MUFG’s Michael Wan analyses new Reserve Bank of India and government measures that could generate around US$40bn of inflows and partially plug India’s FY2026/27 balance of payments gap.
Fxstreet
Mon, Jun 8
Bank of Canada: Policy hold as inflation risks linger – TD Securities
TD Securities economists Robert Both and Emma Lawrence expect the Bank of Canada (BoC) to keep the overnight rate at 2.25% at the June meeting and through 2026, despite softer Canadian data.
Fxstreet
Mon, Jun 8
Hungarian Forint: Policymakers target FX stability around fair value – ING
ING economists Peter Virovacz and Zoltán Homolya highlight that the Hungarian Forint (HUF) has sharply appreciated, with investors now treating Hungary as a quasi-eurozone economy.
EUR/HUF
Fxstreet
Mon, Jun 8
Federal Reserve: Extended pause outlook after strong US jobs – UOB
UOB’s Alvin Liew notes that stronger-than-expected US payrolls and higher Oil prices have sharply reduced expectations for Federal Reserve rate cuts in 2026.
Brent
Fxstreet
Mon, Jun 8
United Kingdom: BoE stance and Burnham politics – Societe Generale
Societe Generale’s United Kingdom (UK) economists highlight political uncertainty around Andy Burnham’s potential Labour leadership challenge and its policy implications, but still expect limited radical change.
Fxstreet
Mon, Jun 8
Euro: Mixed macro backdrop with weak Germany – BNY
BNY’s Bob Savage flags that Euro area Sentix sentiment remains in downturn territory, with Germany still classified in recession despite modest improvement. German manufacturing orders fell sharply in April, driven by autos and machinery, even as sales showed some resilience.
EUR/USD
Fxstreet
Mon, Jun 8
United States: Core CPI pressures stay elevated – TD Securities
TD Securities economists Oscar Munoz and Eli Nir expect May US CPI to show moderating but still-elevated core inflation, with core CPI seen rising 0.23% m/m and 2.8% y/y, while headline CPI is expected to climb to 4.2% y/y.
Fxstreet
Mon, Jun 8
Indian Rupee: Inflows and RBI support measures – DBS
DBS Group Research notes that the Reserve Bank of India and government unveiled coordinated steps to attract foreign capital and support India’s external position.
Gold
Fxstreet
Mon, Jun 8
Iran announces an end to military operations against Israel
According to Fars News, Iran's armed forces have announced an end to military operations against Israel. However, they have warned of harsher attacks if Israel resumes attacks on Lebanon. While there has been no confirmation from other media outlets.
Fxstreet
Mon, Jun 8
Canadian Dollar underperforms at the start of BoC policy week
The Canadian Dollar (CAD) trades lower against its major currency peers in the European trade on Monday amid caution surrounding the Bank of Canada’s monetary policy announcement on Wednesday.
Brent
Fxstreet
Mon, Jun 8
Euro: ECB hikes seen as growth headwind – BBH
Brown Brothers Harriman’s Elias Haddad (BBH) anticipates the European Central Bank (ECB) will end its pause with a 25 bps hike to 2.25% as core and services inflation run above forecasts.
EUR/USD
Fxstreet
Mon, Jun 8
US President Trump expresses both Iran and Israel looking for ceasefire
In the European trading session, United States (US) President Donald Trump has expressed confidence that both Israel and Iran are looking for a ceasefire, through a post on Truth Social, while maintaining the stance that the US blockade on Iranian seaports will remain intact until a final deal with
Fxstreet
Mon, Jun 8
US President Trump urges Israel and Iran to pause attacks immediately
United States (US) President Donald urges Iran and Israel to pause the exchange of attacks, through a post on Truth Social, during the European trading session on Monday.
Fxstreet
Mon, Jun 8
British Pound: Seen lower against Euro and US Dollar – ING
ING’s Chris Turner expects the Bank of England (BoE) to avoid tightening this year, with only modest rate hikes priced by markets.
EUR/GBP
GBP/USD
Fxstreet
Mon, Jun 8
Indian Rupee: Inflow tools preferred over hikes – Commerzbank
Commerzbank’s Charlie Lay highlights that the Reserve Bank of India kept its policy rate at 5.25% and signalled a preference to bolster the Rupee via capital inflow measures rather than tightening.
Fxstreet
Mon, Jun 8
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