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June 16, 2025 12:47 AM UTC
EMERGING ASIA
EM currencies are trading mostly weaker against the greenback as the USD gains on higher geopolitical tension between Iran and Israel. The only winner is THB by 0.09%; the largest losers are INR 0.57%, followed by MYR 0.56%, KRW & PHP 0.51%, IDR 0.37%, SGD 0.27%, CNH 0.22%, CNY 0.15%.
US
June 14, 2025 8:54 AM UTC
Bottom Line: Russia's GDP expanded by 1.4% YoY in Q1, the slowest pace of growth since the economy resumed expansion in Q2 2023 driven by military spending, higher wages and fiscal stimulus. The softening of growth figures demonstrates monetary tightening, sanctions, supply side constraints and hi
June 13, 2025 6:16 PM UTC
We expect a May new home sales level of 650k, which would be a 12.5% decline if April’s surprisingly strong 10.9% increase to 743k is unrevised. April’s level was the highest since February 2021, but only marginally above the highs of 2023 and 2024, and a downward revision is possible.
June 13, 2025 4:46 PM UTC
We expect May existing home sales to maintain a subdued picture with a decline of 1.3% to 3.95m. This would be the lowest pace since September 2024. Yr/yr data at -2.7% from -2.0% in April would also be the weakest since September 2024.
June 13, 2025 2:16 PM UTC
June’s preliminary Michigan CSI has seen a significant bounce to 60.5 from 52.2, putting the index to its highest since February assisted by reduced tariffs against China. The one-year inflation view has fallen to 5.1% from 6.6% though the 5-10 year view at 4.1% is down only marginally from 4.2%.