Fed's Hammack Urges Faster Rate Hikes to Fight Inflation 
Oil Prices Fall as Russia Signals Higher Diesel Exports 
Trump Demands Powell Resign Over Fed Renovation Cost Overruns 
European Auto Stocks Rise as EU-China Trade Deal Targets Hybrid Imports 
RBI Raises Repo Rate to 5.50% in Hawkish Shift on Inflation Risks 
Philippines Current Account Deficit Seen at $19.1 Billion in 2026 
BOJ Signals Faster Rate Hikes as Inflation Risks Grow 
Visa Wins China Approval to Prepare Domestic Payments Expansion 
Oil Prices Surge Above $106 After Deadly Saudi Airport Attack 
Asian Currencies Steady as Dollar Nears 18-Month High Ahead of US CPI 
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This week is relatively less risk heavy, compared to the previous one. Nevertheless, there are several political event risks are scheduled this week, along with Bank of Japan monetary policy.
What to watch for over the coming days:
- Central banks:
Federal Reserve chair Janet Yellen is scheduled to speak on Monday on the state of the job market in the United States at the University of Baltimore. Bank of Japan (BoJ) will announce interest rate decision on Tuesday, which is the biggest event risk for the Japanese yen this week.
- US election:
538 electors throughout the country will gather at the state capital to choose the next president of the United States. While Republican candidate Donald Trump is widely expected to be elected as the next President, Trump opponents have called on the electorate to exercise their constitutional right to choose a different candidate.
- Scoxit/Brexit:
Scotland will reveal its own plan this week, which is to show that the country could remain in the single market, even if the United Kingdom chooses not to do so. On the politics front, UK Prime Minister Theresa May will be questioned by the House of Commons Liaison Committee about her Brexit plans on Tuesday.
- Putin from Russia:
Russian President Vladimir Putin will hold his annual news conference on Thursday.
