Current news is English only but we will be adding multilingual news - check back soon.
OECD cuts global outlook as Trump tariffs bite at US growth
OECD cuts global outlook as Trump tariffs bite at US growth
OECD releases their latest forecast of the global economy - 3 June 2025
Forex Today: US Dollar selloff pauses ahead of US data, tariff headlines
Forex Today: US Dollar selloff pauses ahead of US data, tariff headlines
Here is what you need to know on Tuesday, June 3:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
Switzerland May CPI -0.1% vs -0.1% y/y expected
Switzerland May CPI -0.1% vs -0.1% y/y expected
Latest data released by the Federal Statistics Office - 3 June 2025
What are the main events for today?
What are the main events for today?
The highlights include the Swiss CPI, the Eurozone CPI and the US Job Openings data
market overview
Crude Oil price today: WTI price bearish at European opening
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $62.13 per barrel, down from Monday’s close at $62.50.
Oil
WTI
Commodities
Eurostoxx futures +0.1% in early European trading
Eurostoxx futures +0.1% in early European trading
A mild catch up to the late bounce in Wall Street yesterday
Dollar a little steadier after yesterday's fall
Dollar a little steadier after yesterday's fall
The market mood remains more cautious to start June trading
USD/CHF Price Forecast: Remains capped below 100-day EMA, bearish bias prevails below 0.8200
USD/CHF Price Forecast: Remains capped below 100-day EMA, bearish bias prevails below 0.8200
The USD/CHF pair trades with mild gains near 0.8180 during the early European session on Tuesday, bolstered by a modest rebound of the US Dollar (USD).
USDCHF
Majors
Technical Analysis
EUR/JPY hovers near 163.50 as traders adopt caution ahead of Eurozone HICP inflation data
EUR/JPY hovers near 163.50 as traders adopt caution ahead of Eurozone HICP inflation data
EUR/JPY remains steady after registering gains in the previous day, trading around 163.30 during the Asian hours on Tuesday. Eurozone Harmonized Index of Consumer Prices (HICP) data, scheduled to be released later in the day, will be eyed.
EURJPY
Crosses
Macroeconomics
Japan
Eurozone
AUD/JPY Price Forecast: Break below mid-92.00s paves the way for further losses
AUD/JPY Price Forecast: Break below mid-92.00s paves the way for further losses
The AUD/JPY cross attracted some sellers after the Reserve Bank of Australia (RBA) meeting Minutes showed that the central bank had considered an outsized 50 basis point cut in May.
AUDJPY
RBA
InterestRate
Technical Analysis
Currencies
FX option expiries for Jun 3 NY cut
FX option expiries for Jun 3 NY cut
FX option expiries for Jun 3 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Options
Currencies
US Dollar Index surges toward 99.00, rebounds from six-week lows
US Dollar Index surges toward 99.00, rebounds from six-week lows
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, has rebounded from a six-week low of 98.58 and is trading higher near 98.90 during the Asian hours on Tuesday. Traders would likely observe the release of the JOLTS Job Openings later on Tuesday.
DollarIndex
Majors
Macroeconomics
UnitedStates
TradeWar
Silver Price Forecast: XAG/USD slumps to near $34.00 on some profit-taking 
Silver Price Forecast: XAG/USD slumps to near $34.00 on some profit-taking 
The Silver price (XAG/USD) faces some selling pressure to around $34.15 after retreating from a nearly seven-month high during the Asian trading hours on Tuesday. The white metal loses ground due to some profit-taking amid easing trade tensions. 
Silver
XAGUSD
Commodities
Macroeconomics
GBP/USD trades with negative bias above 1.3500 ahead of BoE Monetary Policy Report Hearings
GBP/USD trades with negative bias above 1.3500 ahead of BoE Monetary Policy Report Hearings
The GBP/USD pair attracts some sellers during the Asian session on Tuesday and erodes a part of the overnight strong move up to the 1.3560 area, or a multi-day peak.
GBPUSD
BOE
InterestRate
Fed
Currencies
Gold price retains its negative bias as goodish USD rebound overshadows weaker risk tone
Gold price retains its negative bias as goodish USD rebound overshadows weaker risk tone
Gold price (XAU/USD) maintains its offered tone below a four-week top touched earlier this Tuesday, though it has managed to rebound slightly from the daily low set during the first half of the European session.
Gold
Commodities
TradeWar
Fed
SEO
India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
EUR/USD holds losses near 1.1400 ahead of Eurozone HICP inflation data
EUR/USD holds losses near 1.1400 ahead of Eurozone HICP inflation data
EUR/USD edges lower after registering over 0.50% gains in the previous session, trading around 1.1420 during the Asian hours on Tuesday. The US Dollar (USD) recovers its ground on technical correction, despite growing concerns regarding stagflation in the United States (US).
EURUSD
Majors
Macroeconomics
Eurozone
Trade uncertainty continues to fill the air in markets
Trade uncertainty continues to fill the air in markets
A catch up on what's happening on the trade front
market overview
NZD/USD falls toward 0.6000 after retreating from eight-month highs
NZD/USD falls toward 0.6000 after retreating from eight-month highs
NZD/USD pulls back from an eight-month high of 0.6055, trading around 0.6010 during the Asian hours on Tuesday.
NZDUSD
NewZealand
Macroeconomics
Majors
RBA’s Hunter: Higher US tariffs will put a drag on the global economy
RBA’s Hunter: Higher US tariffs will put a drag on the global economy
Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter warned on Tuesday, “higher US tariffs will put a drag on the global economy.”
RBA
AUDUSD
CentralBanks
TradeWar
ForexLive Asia-Pacific FX news wrap: Ueda slams the yen lower
ForexLive Asia-Pacific FX news wrap: Ueda slams the yen lower
Forex news for Asian trading on Tuesday, June 3, 2025 - when the USD hit a six week low before rebounding
Session wrap
Wrap Asia
USD/INR jumps on renewed US Dollar demand
USD/INR jumps on renewed US Dollar demand
The Indian Rupee (INR) weakens on Tuesday. The renewed US Dollar (USD) demand and a rise in crude oil prices put pressure on the local currency.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
Japanese Yen pares intraday losses against recovering USD amid divergent BoJ-Fed expectations
Japanese Yen pares intraday losses against recovering USD amid divergent BoJ-Fed expectations
The Japanese Yen (JPY) remains on the back foot against a broadly recovering US Dollar (USD), though it lacks follow-through selling amid hawkish Bank of Japan (BoJ) expectations.
USDJPY
BOJ
InterestRate
Fed
SEO
Australian Dollar falls as US Dollar remains stronger ahead of JOLTS Job Openings
Australian Dollar falls as US Dollar remains stronger ahead of JOLTS Job Openings
The Australian Dollar (AUD) depreciated against the US Dollar (USD) on Tuesday after registering around 1% gains in the previous session. The AUD/USD pair remains subdued following the release of the Reserve Bank of Australia’s (RBA) Meeting Minutes.
AUDUSD
SEO
Macroeconomics
Majors
Australia
Japan’s economic policy roadmap to promote domestic ownership of JGBs – Reuters
Japan’s economic policy roadmap to promote domestic ownership of JGBs – Reuters
According to a draft of the government’s economic policy roadmap obtained by Reuters, “Japan is expected to promote domestic ownership of government bonds to avoid further rises in long-term interest rates.”
Japan
USDJPY
BOJ
Bonds
China's Caixin Manufacturing PMI unexpectedly contracts to 48.3 in May vs. 50.6 expected
China's Caixin Manufacturing PMI unexpectedly contracts to 48.3 in May vs. 50.6 expected
China's Caixin Manufacturing Purchasing Managers' Index (PMI) unexpectedly contracted to 48.3 in May from 50.4 in April, according to the latest data released on Tuesday.
China
PMI
AUDUSD
EconomicIndicator
Manufacturing
China Caixin May 2025 Manufacturing PMI 48.3 (prior 50.4!)
China Caixin May 2025 Manufacturing PMI 48.3 (prior 50.4!)
A rapid shunt lower into contraction. This is a terrible result.
CNY
China Stock Market
China
CNH
RBA Minutes: Not yet time to move monetary policy to an expansionary setting
RBA Minutes: Not yet time to move monetary policy to an expansionary setting
The Reserve Bank of Australia (RBA) published the Minutes of its May monetary policy meeting on Tuesday, highlighting that the board decided the case for a 25 basis points (bps) cut was a stronger one and preferred policy to be cautious and predictable.
RBA
CentralBanks
Macroeconomics
Australia
BoJ’s Ueda: Japan's economy moderately recovering
BoJ’s Ueda: Japan's economy moderately recovering
Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that the Japanese economy is modestly recovering despite some weakness.
BOJ
Japan
Macroeconomics
CentralBanks
PBOC sets USD/CNY reference rate at 7.1869 vs. 7.1848 previous
PBOC sets USD/CNY reference rate at 7.1869 vs. 7.1848 previous
On Tuesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1869 as compared to last Friday's fix of 7.1848 and 7.1872 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
WTI drifts higher to near $62.50 as OPEC+ increases output at steady rate
WTI drifts higher to near $62.50 as OPEC+ increases output at steady rate
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.40 during the Asian trading hours on Tuesday. The WTI price edges higher after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided to increase their production again.  
Oil
Commodities
WTI
Macroeconomics
BoJ likely to halt bond purchase cuts next year, ex-official says
BoJ likely to halt bond purchase cuts next year, ex-official says
Bank of Japan (BoJ) former board member Makoto Sakurai said on Tuesday that the Japanese central bank will probably halt its quarterly reductions in government bond purchases starting next fiscal year, per Bloomberg. 
BOJ
Macroeconomics
Japan
Australia raises its minimum wage by 3.5%, according to Reuters
Australia raises its minimum wage by 3.5%, according to Reuters
Fair Work Commission has confirmed a pay bump for 2.6 million Australians
Iran poises to dismiss US nuclear proposal - Reuters
Iran poises to dismiss US nuclear proposal - Reuters
An Iranian diplomat said on Monday that Tehran is poised to reject a US proposal to end a decades-old nuclear dispute after the US draft insisted that Iran would have to suspend the enrichment of uranium inside Iran, per Reuters. 
Iran
UnitedStates
Macroeconomics
GBP/USD rebounds as trade woes weigh on Greenback
GBP/USD rebounds as trade woes weigh on Greenback
GBP/USD jumped on Monday, kicking off the June trading window by climbing back above 1.3550 after a broad-market weakening in Greenback flows.
GBPUSD
TradeWar
BOE
Japan’s PM Ishiba may seek snap election if no-confidence motion submitted
Japan’s PM Ishiba may seek snap election if no-confidence motion submitted
Japanese Prime Minister Shigeru Ishiba said late Monday that he may dissolve the House of Representatives for a snap general election if the main opposition party submits a no-confidence motion, per Japan Today. 
Japan
Macroeconomics
Politics
China Chamber of Commerce directs harsh words to the EU
China Chamber of Commerce directs harsh words to the EU
On ‘restrictive measures’ in EU procurement market for medical devices
China
EUR
USD/CAD remains on the defensive near 1.3700 as tariff fears resurface
USD/CAD remains on the defensive near 1.3700 as tariff fears resurface
The USD/CAD pair remains on the defensive near 1.3715 during the early Asian session on Tuesday. The US Dollar Index (DXY) softens to fresh seven-week lows amid jitters over the health of the US economy. The JOLTs Job Openings will be published later on Tuesday. 
USDCAD
Majors
Macroeconomics