Euro flatlines against British Pound as traders brace for ECB rate decision.Euro flatlines against British Pound as traders brace for ECB rate decision

Euro strengthens against Japanese Yen due to ECB rate hike odds.Euro strengthens against Japanese Yen due to ECB rate hike odds

Japanese Yen: Weakens gradually against US Dollar toward 160.75 – UOB.Japanese Yen: Weakens gradually against US Dollar toward 160.75 – UOB

Why US CPI and Pce Inflation Figures Diverge.US PCE inflation has outstripped CPI inflation in recent months (in contrast to historical trends). This was especially the case for core inflation.

Inflation Releases to Take Centre Stage as Central Bank Meetings Loom.Focus today will be on inflation releases from the US, Norway and Denmark. These figures will set the tone ahead of the ECB monetary policy meeting tomorrow, as well as the Norges Bank and Fed decisions next week.

Fewer Swedes want to join euro, poll shows .Support in Sweden ​for adopting the ‌euro has declined over the past year, while ​a majority of Swedes ​opposes joining the currency ⁠used by ​a majority of ​European Union nations, a national statistics office ​poll showed ​on Thursday.

Norway's May core inflation rises unexpectedly to 3.4%.Norway's annual core inflation rate rose unexpectedly in May, ​Statistics Norway (SSB) data showed on Wednesday, supporting expectations ‌interest rates could increase further this year.

RBI likely intervenes to support rupee, conducts swaps, traders say.The Indian central bank likely intervened in the foreign exchange market on Wednesday to bolster the rupee, as maturing non-deliverable forward contracts created downward pressure. The Reserve Bank of India also reportedly utilized dollar-rupee buy/sell swaps for longer maturities, with state-run banks executing these trades on its behalf.

Sweden New Orders Manufacturing (YoY) up to 6.3% in April from previous -7.3%.Sweden New Orders Manufacturing (YoY) up to 6.3% in April from previous -7.3%

Sweden Industrial Production Value (YoY): 7.1% (April) vs 3%.Sweden Industrial Production Value (YoY): 7.1% (April) vs 3%

Sweden Industrial Production Value (MoM) rose from previous -2% to 4.2% in April.Sweden Industrial Production Value (MoM) rose from previous -2% to 4.2% in April

British Pound gains ground to near 1.3400 ahead of US CPI release.British Pound gains ground to near 1.3400 ahead of US CPI release

WTI Price Forecast: Flat lines below $87.50 as bears await 100-day SMA breakdown.WTI Price Forecast: Flat lines below $87.50 as bears await 100-day SMA breakdown

Japanese Yen languishes despite wholesale inflation accelerates in May.Japanese Yen languishes despite wholesale inflation accelerates in May

BoJ expected to raise interest rates to 1.0% in June meeting - Reuters poll.BoJ expected to raise interest rates to 1.0% in June meeting - Reuters poll

Asia open: Tech rout and geopolitical volatility ignite risk-off.Global markets turned risk-off as technology stocks extended their recent correction, geopolitical tensions between the US and Iran resurfaced, and investors prepared for key US inflation data. Semiconductor shares remained volatile amid concerns over AI valuations and liquidity pressures from upcoming mega-IPOs such as SpaceX and OpenAI.

EUR/JPY Price Forecast: Strengthens above 185.00, while bullish trend eyes consolidation.EUR/JPY Price Forecast: Strengthens above 185.00, while bullish trend eyes consolidation

Netherlands, The Manufacturing Output (MoM) declined to 1.4% in April from previous 2.8%.Netherlands, The Manufacturing Output (MoM) declined to 1.4% in April from previous 2.8%

Malaysia's Petronas signs 20-year LNG supply deal with Japan's JERA.Malaysian's Petronas will supply Japanese utility firm JERA with ​2 million tons of liquefied natural gas (LNG) ‌per annum under a 20-year deal, the leaders of the two countries said on Wednesday.

BOJ set to raise key rate to 1.0% in June, 1.25% by year-end.The Bank of Japan will raise its key interest rate this month and again in the fourth quarter, taking borrowing costs to ​1.25% by year-end, as it grows more wary of inflation risks than downside hazards to the ‌economy, a Reuters poll of economists showed.

US CPI data set to show inflation at three-year high in May, backing Fed hawkish tilt.US CPI data set to show inflation at three-year high in May, backing Fed hawkish tilt

investingLive Asia-Pacific FX news wrap: The day the war ceasefire really hit the fan..What began as a localised incident over the Strait of Hormuz has, within the space of a single night, become the most significant direct military exchange between the United States and Iran since the conflict began in February.

Indonesia Consumer Confidence dipped from previous 123 to 120.9 in May.Indonesia Consumer Confidence dipped from previous 123 to 120.9 in May

China CPI unchanged at 1.2%, PPI Climbs to Highest Since 2022.China's consumer inflation remained steady in May even as producer price pressures continued to build. CPI held unchanged at 1.2% yoy, falling slightly short of expectations for a 1.3% yoy increase, while core CPI edged down from 1.2% yoy to 1.1% yoy.

Japan Producer Inflation Jumps to 6.3% as Energy Shock Drives Costs Higher.Japan's producer prices accelerated sharply in May, with PPI rising from 5.3% yoy to 6.3% yoy, well above expectations of 5.5% yoy and marking the fastest annual increase since March 2023. On a monthly basis, wholesale prices rose 0.9%, following a revised 2.8% gain in April.

Rupee likely to dip on weak risk, outflows; Middle East tensions flare.The rupee is poised to open weaker on Wednesday, with a subdued risk environment dampening sentiment while steady dollar demand ​from equity outflows and importer payments keeps the currency under pressure.

Canadian Dollar steadies as oil prices rise.Canadian Dollar steadies as oil prices rise

British Pound consolidates below 1.3400 vs USD amid fresh Iran tensions, ahead of US CPI.British Pound consolidates below 1.3400 vs USD amid fresh Iran tensions, ahead of US CPI

USDJPY Steadies Above 160 on Looming Intervention.USDJPY remains firm and holds above 160 level for the third consecutive day, despite repeated warnings from Japan's officials about intervention.

New Zealand Dollar holds steady on mixed China's inflation releases, US CPI data looms.New Zealand Dollar holds steady on mixed China's inflation releases, US CPI data looms