The USD gained ground on the session here with not a lot of fresh news nor data. What we did see included:
From the UK we had very weak retail sales, up 1% in May, the slowest rate of growth in 6 months, vs. +7% the month before,From Australia we had a weak business survey (National Australia Bank’s for May 2025) showing business conditions falling to a 4.5 year low and a lacklustre pick up for business confidence,From Bank of Japan Governor Ueda we had him once again saying he’d hike rates if inflation rises. However this headline misses what were troubling remarks from Ueda, reiterating that real rates remain negative as underlying inflation is still lagging under the Bank’s 2% target.Meanwhile, Japanese Finance Minister Kato sounded a little desperate, urging domestic investors buy, and hold, Japanese Government Bonds.More on all these in the points above.
So how did GBP, AUD and JPY all respond to this incoming information? All fell against the USD. As did the kiwi $, CHF, CAD. It was a session of broad US dollar strength.
Further confounding the moves, local stocks rose, as did US equity index futures on Globex. The lack of bad news out of US-China trade talks, that’ll continue on Tuesday London time, was cited in narrative.
Bitcoin traded above US$110K.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( ForexLive Asia-Pacific FX news wrap: A USD updraft session )
Also on site :
- Rock Legend Shares Bold Message About L.A. Protests
- Tony Awards draw best audience in 6 years for CBS
- ‘Mormon Wives’ Star Taylor Frankie Paul Posts About ‘Betrayal’ Ahead of Season 2, Part 2 Drop