Retail sales fell 0.6% year-on-year in May, signaling weakening domestic demand despite a 4.5% rise in industrial output. China’s industrial output grew 4.5% year-on-year in May, exceeding forecasts of 4.2% and April’s 4.1% gain. The increase was partly driven by AI-relate
The New Zealand Dollar declines against the USD after China's retail sales miss estimates, weighing on risk-sensitive currencies. The NZD/USD pair fell to around 0.5810 during Asian trading hours Tuesday, pressured by weaker-than-expected Chinese retail sales data. The dec
Weaker-than-expected Chinese retail sales data weigh on the New Zealand Dollar as China remains its top trading partner. The NZD/USD pair retreated to around 0.5810 in Asian trading on Tuesday, pressured by disappointing Chinese economic data. China’s retail sales fell 0.6
South Korea’s largest crypto exchange lists SPX6900, enabling trading against KRW, BTC, and USDT starting today. Upbit will list SPX6900 (SPX), a token issued on the Ethereum blockchain, with trading pairs in KRW, BTC, and USDT. Deposits for the token are now open, and tra
BOJ to raise policy rate to 1% on Tuesday The BOJ is expected to raise its policy rate 25bp to 1.00% at Tuesday's meeting, the highest level in 31 years. This move would be the first since December 2025. A 25bp hike with unchanged forward guidance is the most likel
China’s May retail sales fell 0.6% YoY, missing expectations and weighing on the Australian Dollar amid trade ties. The Australian Dollar (AUD) extended losses to 0.7060 against the US Dollar (USD) in Asian trading, down 0.16% after China’s disappointing economic data. The
The currency pair extends a four-day rally amid cautious trading ahead of geopolitical developments in the Middle East. The USD/CAD pair traded around 1.3990 in Asian hours Tuesday, marking its fourth consecutive day of gains. The US Dollar steadied against the Canadian Do
May data shows China’s retail sales contracted for the first time since December, weighing on growth expectations and commodity-linked currencies. China’s retail sales fell 0.6% year-over-year in May, missing the 0% consensus forecast and reversing April’s 0.2% gain. The N
DeFi exploits led to $13 billion in outflows in April DeFi exploits in April triggered around $13 billion in outflows, sharply compressing total value locked. The onchain leverage ratio has returned to 2021 levels, at around 38%. This shift was not driven by a re
PBOC sets USD/CNY reference rate above Reuters estimate, signaling potential easing amid economic growth concerns. The People’s Bank of China set the daily USD/CNY reference rate at 6.8108, weaker than the previous fix of 6.8088 and above the Reuters estimate of 6.7605. Th
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