ForexLive Asia-Pacific FX news wrap: A USD updraft session ...Middle East

Bank of Japan Governor Ueda says Bank has limited room to support growth with rate cutsAustralian May 2025 Business confidence +2, prior -1China vice president Han Zheng says ready to work with EU re China-EU relationsPBOC sets USD/ CNY reference rate for today at 7.1840 (vs. estimate at 7.1853)More on Japanese Finance Minister Kato urging a variety of investors buy and own JGBsAustralian Westpac Consumer Confidence for June 2025 rises 0.5% m/m to 92.6Japan fin min Kato says will conduct fiscal policy appropriatelyGoldman Sachs like US equities but note it's a soft data vs. hard data battleUS CPI data due Wednesday, core expected just under 3% y/yUK retail spending slows sharply in May as cost pressures weigh on householdsJapan's LDP floats universal cash handouts to ease cost-of-living pressuresUp US - China trade talks will continue on Tuesday in LondonNZ Fin Min Willis wants to end the 3 month RBNZ summer holiday from policy meetingsICYMI: Citi also forecasts Fed interest rates higher for longer, see Sept cut (from July)Deutsche Bank warns of a higher for longer Fed rates, a growing risk to US borrowersHeads up - sixth round of nuclear talks between the US and Iran Friday or SundayMorgan Stanley holds the line on Tesla, sees long-term upside despite political volatilityForexlive Americas FX news wrap 9 Jun: The USD moves modestly lower. Crude higher.US major indices close with modest changesECB's Holzmann says rate cut pause could last a while, data dependentTrade ideas thread - Tuesday, 10 June, insightful charts, technical analysis, ideas

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.

Hence then, the article about forexlive asia pacific fx news wrap a usd updraft session was published today ( Tuesday 10/06/2025 - 05:32 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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ForexLive Asia-Pacific FX news wrap: A USD updraft session ...Middle East

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