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Breaking: Bitcoin slips below $60,000 for the first time since 2024
Bitcoin (BTC) has breached below $60,000 at press time on Friday, recording a 20% crash so far this week. Institutional selling and weak derivatives weigh on Bitcoin’s pullback, deepening downside risks as buyers lose the critical $60,000 support band.
Fxstreet
Fri, Jun 5
Thai Baht: BoT seen holding rates as inflation stays supply-led – UOB
UOB’s Global Economics & Markets Research, led by Enrico Tanuwidjaja and Sathit Talaengsatya, argues that Thailand’s latest Consumer Price Index (CPI) data confirm a cost-push rather than demand-led inflation backdrop.
Fxstreet
Fri, Jun 5
US yields rocket as stellar NFP sparks Fed hike bets
US Treasury yields skyrocket across the whole curve on Friday, with the 2-year Treasury note yield rising over twelve basis points, while the benchmark note, the 10-year, surges six basis points following an outstanding Nonfarm Payrolls report.Fxstreet
Fri, Jun 5
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.
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.
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 toFxstreet
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.
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
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Today’s Market Recap: Nasdaq Falls Over 5%, AI Stocks Plunge as Nvidia Drops Over 9%, Micron Falls Over 17%, SanDisk Drops Over 22%
Nasdaq Rebounds 1% After Yesterday's 5% Slump Led by Tech, SpaceX Shares Jump Over 8%
Microsoft to drop rented computing capacity from Oracle
【US Pre-Market】Chip Stocks Rebound as Micron, AMD Rise Over 8% and SanDisk Jumps Over 12% Ahead of October Nonfarm Payrolls
Wizstar Launches Wizshot 1.0, Its First In-House Video Generation Model, Making High-Quality AI Video Creation More Cost-Efficient
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