Major overnight headlines:
• Japan’s Suga says government views recent falls in the Nikkei as “profit taking”, Thomson Reuters
• Bank of Indonesia lifts reference rate 25bps to 6.0% unexpectedly
• Bank of Indonesia says rate hike to maintain financial system stability, Thomson Reuters
• German wholesale prices fall 0.1% y/y in May versus a fall of 0.4% previously
• Australian employment rises 1.1k in May versus a fall of 10k expected, versus a 45k gain previously
• Swiss producer and import prices fall 0.2% y/y in May versus a rise of 0.1% expected
• Spanish house prices fall 14.3% y/y in Q1 versus fall of 12.8% in Q4
• UK April mortgage approvals fall 0.9% to 42,600, Council of Mortgage Lenders says
• RBNZ keeps key rate on hold as expected, RBNZ’s Wheeler says “prepared to intervene” in FX, Bloomberg
Read the full report: FX Daily
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