Singapore's Q1 growth beats forecasts at 6.0% year-on-year The Monetary Authority of Singapore says its monetary policy stance remains appropriate. Domestic interest rates are expected to hold broadly stable, despite global rate uncertainty. The city-state'
The Canadian dollar pares some losses against the USD near 1.3800, pressured by oil price declines and Iran deal optimism. The USD/CAD pair retreated early Monday, trimming Friday’s surge to 1.3825, the highest level since April 13. The Canadian dollar found modest support
The daily yuan reference rate will signal policy intent amid managed float rules and US dollar volatility. The People’s Bank of China is poised to set its USD/CNY reference rate around 6.7880, a key benchmark for the yuan’s daily trading band. The midpoint, announced at 01
Oil benchmarks fell over 5% on Iran deal optimism Oil prices plunged in early Asian trade on Monday following reports of a potential deal to reopen the Strait of Hormuz. At the time of writing, Brent had broken back below $100 to trade at $98.27, while WTI fell to
MicroStrategy’s chairman signals potential bitcoin sales to optimize asset allocation and maximize bitcoin per share by 2033. MicroStrategy Executive Chairman Michael Saylor indicated the company may sell some bitcoin before the end of 2026. The statement came during an in
First-quarter growth outpaced advance estimates and consensus forecasts as trade ministry warns of Middle East conflict risks. Singapore’s economy expanded 6.0% year-on-year in Q1 2026, exceeding the advance estimate of 4.6% and the Reuters poll consensus of 5.1%. The seas
USD/JPY pair declines to near 158.90 The Japanese Yen has edged higher to near 159.00 against the US Dollar. Progress in US-Iran talks has contributed to the decline of the USD/JPY pair. The pair declined to near 158.90 during the early Asian session on Mon
Lagarde indicates the ECB will revise its 2.6% 2025 inflation projection upward, fueling rate hike expectations for June 11. European Central Bank President Christine Lagarde signaled the bank’s March inflation forecast of 2.6% for 2025 will likely be revised higher at its
Gold price rises near $4,570 on US-Iran deal hopes Gold price rose to near $4,570 during early Asian trading hours on Monday. The rise is attributed to a weaker US Dollar after reports of a potential US-Iran deal. The deal would reopen the Strait of Hormuz,
NZIER shadow board recommends no change to New Zealand’s OCR this week but signals future hikes as inflation pressures build. New Zealand’s Reserve Bank is likely to keep its Official Cash Rate at 2.25% this week, according to a majority of the NZIER Monetary Policy Shadow
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