Renault's CEO has called for a ten-year freeze on new EU car regulations.

US Dollar: 1. Moody's Chief Economist: The US economy is on the verge of recession. 2. Goldman Sachs: The World Cup is expected to add approximately 40,000 jobs to the US in June. However, non-farm payrolls are expected to decrease by 15,000 in August after the tournament concludes. 3. ADP Weekly Employment Report: In the four weeks ending May 23, 2026, private sector employers added an average of 29,000 jobs per week. Data shows that US job growth slowed for the third consecutive week. 4. Reuters Survey: All 102 economists surveyed said the Federal Reserve will keep the federal funds rate unchanged at 3.50%-3.75% at its June meeting. 72 of the 102 economists surveyed said the Fed will keep rates unchanged at 3.50%-3.75% in 2026. Other: 1. Traders: The Reserve Bank of India may be selling dollars to boost the rupee. 2. JPMorgan Chase upgraded emerging market currencies from neutral to overweight. 3. South Korea's Ministry of Finance: Will investigate speculative trading and market-disrupting activities in the foreign exchange market. 4. Thai business groups: Thailand's 2026 inflation forecast is 2.5% to 3.0% (previously 2.0% to 3.0%). 5. Reuters poll: The Bank of Japan is expected to raise interest rates to 1.50% in the second quarter of 2027 (the May survey was for the third quarter of 2027). 6. Sources: South Korea has absorbed approximately $1.5 billion in foreign exchange purchases related to the SpaceX IPO, easing downward pressure on the won. 7. ECB Governing Council member Mollen: Europe needs more monetary and payment sovereignty. The opportunity to enhance the euro's status is very clear. Europe needs safe euro assets. 8. Indian government official: The government will take measures to promote net foreign capital inflows. Middle East tensions have not adversely affected remittances. There are currently no plans to restrict capital outflows. 9. A Wall Street Journal survey shows that all 14 economists surveyed predict the Bank of Canada will keep its policy rate unchanged. The surveyed economists also expect the Bank of Canada to lower its expectations for rate hikes.

The US dollar fell below 1.39 against the Canadian dollar, down 0.35% on the day.