Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
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.
