India's Central Bank Holds Rates Amid Iran War Energy Shock 
Australia Bans Card Payment Surcharges Starting October 2025 
Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Few economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- New Zealand: Credit card spending up 4.5 percent y/y in April.
- Australia: In his speech governor Lowe confirmed RBA’s easing bias.
Upcoming:
- United Kingdom: CBI industrial trend survey report will be released at 10:00 GMT.
- United States: Existing home sales report due at 14:00 GMT. Fed’s Evans’ speech at 14:45 GMT, and Rosengren’s at 16:00 GMT.
- New Zealand: Q1 retail sales report due at 22:45 GMT. Global dairy auction is scheduled today.
- Japan: Machinery orders and trade balance reports will be published at 23:50 GMT.
