AUD/USD extended losses amid escalation of conflict in the Gulf region, trading at 0.7118, down 0.34%.

China's State Council issued the Urban Renewal 15th Five‑Year Plan, directing smarter, more granular urban governance and a citywide digital transformation. The plan mandates building a City Information Model (CIM) foundational platform as an integrated, data‑fused urban digital base, and standardizing CIM databases and standards while expanding CIM+ applications in urban renewal. It requires assigning codes to buildings and municipal infrastructure and creating a national basic information database for those assets. The plan also promotes blockchain applications for housing transactions and property registration, and calls for a three‑tier national‑provincial‑city urban operations management platform to achieve one‑network unified urban management.

Federal Reserve Vice Chair JEFFERSON said: monetary policy cannot address first‑round effects; what we can do is ensure they do not translate into second‑round effects, such as affecting inf expectations.