Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
RBA Holds Rates but Warns of Rising Inflation Pressures 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Not many economic data and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: GDP grew 0.3 percent in the first quarter, up 1.7 percent from a year ago.
Upcoming:
- Japan: Leading economic index and coincident index will be published at 5:00 GMT.
- Germany: Factory orders report for April will be released at 6:00 GMT.
- Spain: Industrial output report for April will be released at 7:00 GMT.
- Switzerland: April Forex reserve will be announced at 7:00 GMT.
- United Kingdom: Halifax house price report will be released at 7:30 GMT and RICS house price balance report will be released at 23:00 GMT.
- Italy: Retail sales report for April will be published at 8:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by TIPP economic optimism at 14:00 GMT. EIA will release weekly crude oil inventory at 14:30 GMT.
- Japan: 1st quarter GDP report will be released at 23:50 GMT, along with trade balance report for April.
