US Dollar:
1. US retail sales in May exceeded expectations, with tax rebates and a stock market rally supporting consumer spending.
2. Goldman Sachs: If inflation doesn't cool, the Fed is expected to raise rates as early as September.
3. Citigroup: Expects the Fed to cut rates by 25 basis points each in October, December 2026, and January 2027, down from previous forecasts of September, October, and December this year.
4. Barclays: Expects the Fed to keep rates unchanged in 2027, down from previous forecasts of a 25 basis point cut in March.
Euro:
1. ECB Governing Council member Sleipön: Based on current analysis, if the ECB raises rates again to 2.5%, the interest rate level will still be in the neutral range.
Pound Sterling:
1. The UK job market shows signs of stabilization, and market bets on a Bank of England rate hike are cooling.
Japanese Yen:
1. Chief Cabinet Secretary Minoru Kihara: Always prepared to take necessary action in the foreign exchange market; the impact of a weak yen must be fully considered.
Other:
1. G7 Leaders: We reaffirm our existing G7 exchange rate commitments.
2. Brazil's central bank cut its benchmark interest rate to 14.25%, in line with expectations.
3. The Philippine central bank raised its benchmark interest rate by 25 basis points to 4.75% for the second consecutive time, in line with expectations.
4. The Hong Kong Monetary Authority kept its benchmark interest rate unchanged at 4%.
5. Bank of Korea: There is a gap between overseas investment returns and foreign exchange repatriation, resulting in weaker-than-expected support for the Korean won.
