Author: Robert Jessi

DBS Group Research’s Ma Tieying expects South Korea’s June exports to remain very strong, with year-on-year growth around 50–60% and the trade surplus widening above USD30bn. AI-related semiconductor demand and higher memory prices are seen offsetting energy imports. Headline and core CPI are forecast to rise further, and the Bank of Korea is projected to deliver two 25bps rate hikes by 4Q.Exports strength and CPI upside”June trade and inflation data will be the key focus ahead.””Exports are expected to maintain strong growth of 50-60% yoy for the fourth consecutive month, based on the preliminary data for the first 20 days…

Tame US PCE knocks US dollar lower – Oil prices retreat despite Iran attack on Taiwan ship – US dollar opens lower against the majors. USDCAD open: 1.4185, overnight range 1.4181-1.4210, close 1.4203, …

The Bank of Canada announced today the departure of Deputy Governor Rhys Mendes on April 10, and the retirement of Deputy Governor Sharon Kozicki on July 15. Mr. Mendes will be leaving his post to relocate to Toronto with his family. He was appointed Deputy Governor in 2023, with responsibility for overseeing the Bank’s analysis of international economic developments and serving as the Bank’s G7 and G20 Deputy. Prior to his appointment as Deputy Governor, Mr. Mendes served as Assistant Deputy Minister for Economic Policy at the Department of Finance. He previously held senior positions leading the Bank’s analysis of global economic conditions and…

The Bank of Canada appears content to sit on its hands while the Canadian dollar takes a beating. Bank of America sees the central bank holding its policy rate steady through 2027, even as the US Federal Reserve keeps its own rates elevated, a divergence that would let the loonie drift lower against the greenback. The BoC held its benchmark rate at 2.25% on June 10, marking the fifth consecutive meeting without a meaningful change. The case for doing nothing The BoC is caught between competing pressures that make action in either direction risky. Domestic growth remains weak, while energy-driven…

What I did not know until I read about it later is that squirrels forget. They bury far more than they ever dig back up, and many of those acorns are never recovered at all. Some of them quietly become the trees that will one day feed a squirrel that has not been born yet. The diligence I had been admiring was real, but so was the forgetting, and the two turned out to be inseparable. I have thought about that small act of forgetting more than I would like to admit, because there is something uncomfortably human in it.…

UK to commit £500 million to high-speed boats and drones for Commando Force

HSBC portrays Vietnam as one of Asia’s fastest-growing economies, supported by booming electronics exports and import-intensive manufacturing. However, a widening trade deficit and elevated Oil prices are eroding the current account surplus and pushing inflation above the State Bank of Vietnam’s ceiling. The bank trims its external surplus forecast and raises its 2026 inflation projection.Fast expansion with external and price pressures”Despite moderating from last year’s 8%, the country saw rather decent growth of 7.8% y-o-y in 1Q26. This easily made Vietnam sustain its position asone of Asia’s fast-growing economies.””Nevertheless, a detailed look at trade data shows Vietnam’s trade resilience. Exports…

Risk sentiment remains shaky, but the US dollar hasn’t taken advantage of the latest correction in Asian equities. That may fit our view that USD is pricing in quite a lot of positives and faces downside risks, especially beyond the very near term. Elsewhere, markets may be growing some conviction that 162.0 is the new line in the sand for intervention USD: Testing Rally Resilience The mix of risk sentiment and data inputs for the dollar has remained mildly USD-positive in the past 24 hours, but the dollar has inched lower – a potential sign that some bullish momentum is…

Tame US PCE knocks US dollar lower – Oil prices retreat despite Iran attack on Taiwan ship – US dollar opens lower against the majors. USDCAD open: 1.4185, overnight range 1.4181-1.4210, close 1.4203, …

The Board of Directors of the Bank of Canada today announced the appointment of Marc-André Gosselin and Nicolas Vincent as Deputy Governors, effective May 25 and August 3, 2026, respectively. As Deputy Governor, Mr. Gosselin will join the Bank’s Governing Council which is responsible for decisions related to monetary policy and financial stability. In this role, Mr. Gosselin will oversee the Bank’s analysis of domestic economic developments. Born in Montréal, Quebec, Mr. Gosselin holds a master’s degree in applied economics from HEC Montréal. He joined the Bank in 1999 and has since held progressively senior roles. As Managing Director of the Bank’s…