Westpac expects the RBA to hold rates steady in June before resuming hikes in August and September, even as it trims its headline inflation peak forecast to 4.7% from 5.0% on lower oil prices.
Iran's IRGC said the country is stronger than ever and ready for a "decisive, regret-inducing" response to any aggression, citing recent strikes on US bases and the closure of the Strait of Hormuz.
US forces intercepted and shot down two Iranian one-way attack drones near the Strait of Hormuz, after Iran attempted to target commercial vessels transiting the waterway, according to a Fox News reporter.
PBOC sets USD/ CNY reference rate for today at 6.8109 (vs. estimate at 6.7640). PBOC CNY reference rate setting for the trading session ahead, strongest for CNY since 10 February 2023
SpaceX IPO prices at $135, raising $75B! Largest debut ever, traders watch Nasdaq.
PBOC is expected to set the USD/CNY reference rate at 6.7640 – Reuters estimate
CME Group will launch 24/7 trading for new 10-Barrel WTI crude oil futures on August 30 and extend 24/7 trading to 1-Ounce Gold futures from July 26, pending regulatory review, targeting traders seeking smaller, round-the-clock exposure.
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