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AUSTRALIAN DOLLAR RISES AGAINST MAJORS



The Australian dollar strengthened against other major currencies in the Asian session on Friday.

The Australian dollar rose to 2-day highs of 96.08 against the yen and 1.6382 against the euro, from yesterday's closing quotes of 95.76 and 1.6416, respectively.

Against the U.S. and the Canadian dollars, the aussie advanced to 0.6636 and 0.8789 from Thursday's closing quotes of 0.6616 and 0.8764, respectively.

If the aussie extends its uptrend, it is likely to find resistance around 99.00 against the yen, 1.57 against the euro, 0.68 against the greenback and 0.89 against the loonie.

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NZ DOLLAR RISES AGAINST MAJORS



The New Zealand dollar strengthened against other major currencies in the Asian session on Monday.

The NZ dollar rose to 6-day highs of 1.7749 against the euro and 88.89 against the yen, from Friday's closing quotes of 1.7765 and 88.51, respectively.

Against the U.S. and the Australian dollars, the kiwi advanced to 5-day highs of 0.6146 and 1.0826 from last week's closing quotes of 0.6135 and 1.0845, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 1.74 against the euro, 90.00 against the yen, 0.65 against the greenback and 1.05 against the aussie.

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AUSTRALIAN DOLLAR FALLS AFTER RBA RATE DECISION



At 12:30 am ET in the Asian session on Tuesday, the Reserve Bank of Australia announced its July monetary policy decision. In the meeting, the RBA kept its cash rate unchanged at 4.1 percent.

After the announcement, the Australian dollar fell against its major rivals.

As of 12:31 am ET, the Australian dollar was trading 0.6652 against the U.S. dollar, 96.17 against the yen, 1.6398 against the euro and 1.0816 against the NZ dollar.

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SINGAPORE PRIVATE SECTOR PMI SLIPS TO 54.1 IN JUNE - S&P GLOBAL



The private sector in Singapore continued to expand in June, albeit at a slower pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 54.1.

That's down from 54.5 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Driving the latest private sector expansion was a sustained improvement in new orders. Demand for Singaporean goods and services rose in June, extending the sequence of expansion that commenced at the start of 2023. Foreign demand remained subdued, however, registering a mild contraction in the latest survey period.

In turn, output rose at the fastest rate since last October. Sub-sector data indicated that the real estate & business services sector recorded the sharpest output growth in June.

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EURO FALLS AGAINST MAJORS



The euro weakened against other major currencies in the Asian session on Thursday.

The euro fell to near 2-week lows of 0.9738 against the Swiss franc and 156.18 against the yen, from yesterday's closing quotes of 0.9753 and 156.99, respectively.

Moving away from a recent high of 0.8546 against the pound, the euro fell to nearly a 2-week low of 0.8536.

Against the U.S. and the New Zealand dollars, the euro dropped to 3-week lows of 1.0834 and 1.7504, from yesterday's closing quotes of 1.0854 and 1.7559, respectively.

The euro edged down to 1.6261 against the Australian dollar, from Wednesday's closing value of 1.6308.

Against the Canadian dollar, the euro dropped to 1.4409 from a recent high of 1.4422.

If the euro extends its downtrend, it is likely to find support around 0.95 against the franc, 154.00 against the yen, 0.82 against the pound, 1.06 against the greenback, 1.71 against the kiwi, 1.58 against the aussie and 1.41 against the loonie.

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GERMANY INDUSTRIAL PRODUCTION FALLS MORE THAN EXPECTED



Germany's industrial production declined more than expected in May, figures from Destatis revealed on Friday.

Industrial production posted a monthly fall of 0.2 percent in May in contrast to the 0.3 percent increase in April. Output was forecast to drop 0.1 percent.

The decline was largely driven by the sharp 13.1 percent fall in output of pharmaceutical products. Meanwhile, motor vehicles, trailers and semi-trailers logged a monthly growth of 4.9 percent.

Excluding energy and construction, industrial production gained 0.2 percent, data showed.

On a yearly basis, industrial production grew 0.7 percent, following a 1.7 percent rise in April.

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EUROPEAN ECONOMIC NEWS PREVIEW: EUROZONE SENTIX INVESTOR CONFIDENCE DUE



Investor confidence from Eurozone is the only major data due on Monday, headlining a light day for the European economic news.

At 1.00 am ET, Statistics Finland publishes industrial production data for May. Orders had dropped 2.4 percent annually in April.

At 2.00 am ET, consumer and producer price figures are due from Statistics Norway. Inflation is forecast to ease to 6.2 percent in June from 6.7 percent in May. Producer prices are forecast to plunge 36.4 percent annually.

At 2.30 am ET, the Hungarian Statistical Office releases foreign trade data for May. The trade surplus is expected to rise to EUR 446 million from EUR 366 million in April.

At 3.00 am ET, the Czech Statistical Office is set to release retail sales for May. At 4.30 am ET, Eurozone Sentix investor confidence data is due. The investor sentiment index is forecast to fall to -17.9 in July from -17.0 in June.

At 5.00 am ET, the Hellenic Statistical Authority is scheduled to issue Greece industrial production data for May.

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UK JOBLESS RATE RISES TO 4.0%



The UK unemployment rate increased in three months to May, data released by the Office for National Statistics showed on Tuesday.

The ILO jobless rate rose to 4.0 percent in three months to May from 3.8 percent in the preceding period.

In June, the payrolled employment showed a monthly fall of 9,000 to 30.0 million.

In April to June, the number of vacancies decreased 85,000 sequentially to 1.03 million. This was the 12th consecutive decline.

Average earnings including bonus grew 6.9 percent in three months to May from the last year, slightly slower than economists' forecast of 6.8 percent.

Excluding bonuses, average earnings moved up 7.3 percent compared to the expected increase of 7.1 percent.

About 128,000 working days were lost because of labor disputes in May, marking the lowest since July 2022, data showed.

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SOUTH KOREA JOBLESS RATE RISES UNEXPECTEDLY TO 2.6%



South Korea's unemployment rate increased unexpectedly in June, though marginally, data from Statistics Korea showed on Wednesday.

The unemployment rate rose to a seasonally adjusted 2.6 percent in June from 2.5 percent in May. Meanwhile, economists had expected the rate to remain stable at 2.5 percent.

In the same month last year, the unemployment rate was 2.9 percent.

On an unadjusted basis, the jobless rate held steady at 2.7 percent at the end of the second quarter.

The number of unemployed people rose to 807,000 in June from 787,000 in the previous month.

At the same time, the number of employed people increased by 33,000 year-on-year to 28.812 million in June.

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