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USD/CNH: Likely moved into a 7.1620/7.2200 range – UOB Group
Slight increase in upward momentum may lead to US Dollar (USD) testing 7.2000; a clear break above this level seems unlikely. In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Jun 9
USD maintains soft undertone in quiet trade – Scotiabank
The US Dollar (USD) is tracking a little lower to start the week. The AUD and NZD are leading gains among the major currencies on the day so far, suggesting a pro-risk mood among investors. But the JPY is also well-supported and stock trends are mixed.Fxstreet
Mon, Jun 9
European Gas storage tops 50% – Société Générale
European natural Gas storage has surpassed the 50% mark, but remains well below last year’s levels and the five-year average, highlighting the scale of the challenge ahead. Supply concerns persist amid reduced Norwegian flows due to outages and maintenance.Fxstreet
Mon, Jun 9
Argentina set for M&A boom under Milei, with energy in focus, PwC says
By Eliana Raszewski and Peter HendersonBUENOS AIRES, June 9 (Reuters) - Argentina's mergers and acquisitions market could grow significantly in the coming years if President Javier Milei's economic reforms continue, Juan Tripier, director of M&A and corporate finance at PricewaterhouseCo...Reuters
Mon, Jun 9
All 5 Bank of Israel MPC members backed keeping key rate at 4.5% last month, minutes show
JERUSALEM, June 9 (Reuters) - All five members of the Bank of Israel's Monetary Policy Committee voted to keep the benchmark interest rate unchanged at 4.5% on May 26, according to minutes of the meeting issued by the central bank on Monday.Due to Israel's ongoing war against Hamas militants...Reuters
Mon, Jun 9
USD/MXN cracks range base, risks a move toward 18.60/18.15 – Société Générale
USD/MXN has broken decisively below its multi-month range base near 19.85/20.00, confirming a rounding top and exposing the pair to deeper downside. Prices are now approaching a key support trend line near 19.00/18.90—failure to hold here risks acceleration toward 18.60 and even 18.15.
Fxstreet
Mon, Jun 9
Brent builds higher low, targets $68.70 with eyes on $72 – Société Générale
Brent crude has formed a higher low near $63, breaking above its 50-DMA and signaling fading downside momentum. With MACD turning constructive, a test of the $68.70 pivot high is in sight—clearing it could open the door toward $71.30–72.00.Fxstreet
Mon, Jun 9
Defying debt warnings, Republicans push forward on Trump tax agenda
Trump's party rejects forecast that bill will add $2.4 trillion to national debtElon Musk wades into debate on side of deficit hawks, sparking feud with TrumpRepublicans argue tax cuts will boost growth, despite deficit concernsBy David Morgan WASHINGTON, June 9 (Reuters) - U.S. President Don...Reuters
Mon, Jun 9
California fuel imports hit 4-year high amid refinery outages
Outages at Chevron, PBF, Valero refineries caused crunch State's reliance on fuel imports may grow amid planned refinery closuresImports mainly from Asia, the Bahamas increaseOpening of unusual trade routes could dampen extreme price spikesBy Shariq Khan and Nicole Jao NEW YORK, June 9 (Reute...Reuters
Mon, Jun 9
China: Lower energy prices and weak demand kept up deflationary pressure in May – UOB Group
China’s Consumer Price Index (CPI) deflation continued into the fourth straight month in May. Headline CPI fell by -0.1% y/y (Bloomberg est: -0.2%; Apr: -0.1%) due to declining domestic food prices and weak energy prices.Fxstreet
Mon, Jun 9
China pledges stronger support for workers' income, childbirth
BEIJING, June 9 (Reuters) - China will provide social insurance subsidies to eligible college graduates and individuals with employment difficulties, and raise minimum wage standards, according to new government guidelines released by state-run Xinhua on Monday. The government will also support and ...Reuters
Mon, Jun 9
Taiwan May exports hit record on AI demand and ahead of US tariffs
Exports +38.6% y/y to record high vs +25.0% forecast in Reuters pollExports to U.S. +87.4% y/y to all-time high (prior month +29.5%)Exports to China +16.6% y/y (prior month +22.3%)Taiwan sees uncertainty in geopolitics, Trump tariff policyJune exports seen up 15-25% y/yBy Faith Hung and Emily ChanTA...Reuters
Mon, Jun 9
WRAPUP 5-China's May exports slow, deflation deepens as tariffs bite
China's May export growth slows as tariffs take tollExports to US drop the most since early 2020Factory-gate deflation worst in almost two yearsChina, US set for further trade talks on MondayBy Yukun Zhang, Qiaoyi Li, Ellen Zhang and Ryan Woo BEIJING, June 9 (Reuters) - China's export gro...Reuters
Mon, Jun 9
Citigroup drops July rate cut bets for US, trims forecast to 75 bps
June 9 (Reuters) - Citigroup has pushed back its U.S. rate cut forecast to September from July and now expects three cuts this year instead of four, after a stronger-than-expected May jobs report in an otherwise cooling labor market.The Wall Street brokerage anticipates 75 basis points (bps) of cuts...Reuters
Mon, Jun 9
CORRECTED-WRAPUP 3-China's May exports slow, deflation deepens as tariffs bite
China's May export growth slows as tariffs take tollExports to U.S. drop the most since early 2020Factory-gate deflation worst in almost two yearsChina, U.S. set for further trade talks on MondayBy Yukun Zhang, Qiaoyi Li, Ellen Zhang and Ryan Woo BEIJING, June 9 (Reuters) - China's export...Reuters
Mon, Jun 9
JGB yields track US peers higher after resilient labour data
By Kevin BucklandTOKYO, June 9 (Reuters) - Japanese government bond yields rose on Monday, buoyed by an advance for U.S. Treasury yields after resilient labour market data on Friday saw traders pare back bets for a near-term Federal Reserve interest rate cut.The 10-year JGB yield JP10YTN=JBTC rose 1...Reuters
Mon, Jun 9
Japan’s Ishiba: Economy is shifting to a phase where interest rates rise as a trend
Japanese Prime Minister Shigeru Ishiba said on Monday that Japan must be aware that rising interest rates would push up the government’s debt-financing costs and affect its spending plans, per Reuters.Fxstreet
Mon, Jun 9
China's exports to Russia fall at quicker pace in May
BEIJING, June 9 (Reuters) - China's yuan-denominated exports to Russia shrank at a faster pace in May than April, but the decline in imports slowed, Chinese customs data showed on Monday.Outbound shipments to Russia fell 9.6% last month from a year earlier, following a 1.6% decline in April.Impo...Reuters
Mon, Jun 9
