Germany’s May PMI at 48.8 signals slight manufacturing contraction, missing expectations and indicating slowed sector performance.
Australian Dollar edges higher as PMI data, RBA rate cut, and US economic shifts influence currency markets.
Major FX option expiries May 22: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD levels noted.
Gold prices in Pakistan rose amid weaker US Dollar, geopolitical tensions, and global central banks increasing reserves.
New Zealand forecasts growing deficits and debt, with GDP shrinking in 2024/25 before gradual recovery begins.
Bank of Japan monitors inflation and wage growth, considering policy changes amid external risks and yen depreciation.
PBOC sets USD/CNY at 7.1903, below forecast; monetary tools aim to stabilize economy and currency.
Singapore’s GDP shrank 0.6% in Q1, outperforming forecasts and offering insight into economic conditions.
Japan’s machinery orders rose 8.4% YoY in March, defying forecasts and supporting economic momentum.
Gold prices surge as US debt concerns and Middle East tensions fuel safe-haven demand amid market volatility.
Insights 
VT 
