RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise 
Fed Unveils Stablecoin Rules Under GENIUS Act 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Trump Demands Powell Resign Over Fed Renovation Cost Overruns 
Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Fed’s Hammack Says More Data Needed Before Next Rate Move 
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge 
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Not many economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: RBA kept interest rates unchanged at 1.5 percent.
- Japan: Labor cash earnings grew 0.5 percent y/y in April.
- New Zealand: ANZ commodity prices grew 3.2 percent in May.
Upcoming:
- Eurozone: Sentix investor confidence report will be published at 8:30 GMT, followed by retail sales report for April.
- United States: Redbook index will be updated at 12:55 GMT, followed by JOLTS jobs report and TIPP economic optimism at 14:00 GMT.
- New Zealand: Global dairy auction is scheduled today. 1st quarter manufacturing sales report will be published at 22:45 GMT.
- Canada: IVEY PMI report will be published at 14:00 GMT.
- Australia: Aig construction index will be updated at 23:30 GMT.
- Auction: U.S. will auction 1-month bills at 15:30 GMT. The UK will auction 30-year bond today.
