Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Not many of 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 rose up 7 percent y/y in April.
Upcoming:
- Eurozone: EU will release financial stability review at 8:00 GMT.
- OPEC: OPEC meeting is scheduled for today.
- United States: Chicago Fed national activity report will be released at 12:30 GMT. FOMC member Bostic is set for a speech at 16:15 GMT, Harker at 18:05 GMT, and Kashkari at 21:30 GMT.
- Auction: The U.S. will auction 3-month and 6-month bills at 15:30 GMT.
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