Australian Dollar climbs to 0.7160 as softer US dollar offsets weak China data and RBA focus.
Dow futures rebound toward Friday close; bond-yield surge, chip-stock slump, and Iran tensions keep markets cautious.
USD/JPY nears 158.90 ahead of Japan Q1 GDP, BOJ cues; overbought RSI caps gains near resistance.
USD/CAD dips near 1.3740 as easing Middle East tensions weaken USD; oil steadies, focus turns to CPI.
Global bond selloff lifts yields above GDP growth; Hormuz risks, shrinking oil buffers pressure UK, pound.
Standard Chartered warns Hormuz closure and energy shock may disrupt semiconductors and curb AI spending, demand.
May’s NAHB Housing Market Index rose to 37, beating the 35 forecast, indicating improved homebuilder sentiment.
Europe’s defence spending surge boosts short-term growth but risks inflation, deficits, and long-term industrial shifts.
TD Securities sees RBA cash rate peaking at 4.60%, with next hike likely in August.
China’s April recovery slowed: industrial output and investment weakened, retail sales stalled, youth joblessness rose, policymakers waited.
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