USDSGD decreased to a 10-year low of 1.27. Over the past 4 weeks, US Dollar Singapore Dollar lost 1.14%, and in the last 12 months, it decreased 6.3%.

Ireland’s manufacturing sector continued to strengthen in June, with the AIB Manufacturing PMI rising to 53.7 from 52.6 in May, the highest reading since May 2022 and the sixth consecutive month of expansion. The improvement was driven by faster job creation and renewed stock building, alongside solid—though slightly slower—growth in both output and new orders. Stronger operating conditions also led to the sharpest increase in input purchases since April 2022. Business confidence for the year ahead rose to a five-month high, recovering further from April’s low, as firms cited optimism around new business initiatives and increased investment spending. However, sentiment remained tempered by ongoing concerns about global economic uncertainty and the potential impact of US tariffs, with some companies warning these factors could still pose risks to performance.

USD/JPY slips under 143.60 after the Bank of Japan Tankan report.This is not just a yean story, the dollar has dipped almost across the baord also. Yen supported by the Bank of Japan Tankan : BOJ Tankan Q2 2025: Large Manufacturing Index 13 (vs.

Exports from South Korea grew 4.3% year-over-year to a six-month high of USD 59.8 billion in June 2025, rebounding from a 1.3% decline in the previous month and falling short of market forecasts for a 4.7% rise. It marked the strongest export growth since last December as exports rose more than imports, mainly driven by robust semiconductor shipments, preliminary data showed.

South Korea's trade surplus increased to USD 9.08 billion in June 2025, up from USD 7.99 billion in the same month a year earlier, and surpassing market expectations of USD 8.4 billion, preliminary data showed. It was the largest trade surplus since June 2024, as exports rose more than imports. Exports grew 4.3% yoy, compared to forecasts of a 4.7% rise, recovering from a 1.3% fall in the prior month. Meanwhile, imports grew by 3.3% in June, rebounding from a 5.3% drop in May, but below market expectations of a 6.9% growth.

South Korea’s imports rose by 3.3% yoy to USD 50.72 billion in June 2025, reversing a 5.3% drop in the previous month but falling short of market consensus of a 6.9% growth, preliminary data showed. It marked the first increase in purchases since March.

The Bank of Japan’s index for large manufacturers edged up to 13 in Q2 2025 from a one-year low of 12 in the previous period, beating market forecasts of 10, as the economy navigates through rising U.S. tariffs. Confidence improved among firms producing pulp & paper (29 vs 18 in Q2), chemicals (14 vs 13), petroleum and coal (9 vs 0), iron & steel (-3 vs -18), business-oriented machinery (22 vs 19), and non-ferrous metals (16 vs 15). At the same time, sentiment remained stable for producers of textiles (at 0), food & beverages (at 8), electrical machinery (at 11), and shipbuilding & heavy machinery (at 27). In contrast, confidence weakened for manufacturers of processed metals (-3 vs 3), general-purpose machinery (23 vs 27), production machinery (15 vs 17), and motor vehicles (8 vs 13). Meanwhile, large firms planned to increase capital expenditure by 11.5% in Q2, a sharp acceleration from a 3.5% growth in Q1 and marking the fastest expansion in 1-1/2 years.

US stock futures edged lower on Tuesday following a strong close to both the month and the quarter, with the S&P 500 and Nasdaq Composite reaching new all-time highs. In Monday’s regular session, the S&P 500 rose 0.52% while the Nasdaq gained 0.47%, buoyed by solid gains in Big Tech names such as Microsoft and Meta, which also notched fresh record highs. The Dow Jones also added 0.63%. Investor sentiment was lifted after Canada rolled back its proposed digital services tax in a move aimed at easing trade tensions with the US. Markets are also awaiting developments on new trade agreements with key US partners, ahead of the expiration of President Trump’s 90-day reprieve on reciprocal tariffs. Meanwhile, Treasury yields declined amid growing expectations of Federal Reserve rate cuts later this year, further supporting the bullish outlook for equities.

The Bank of Japan Tankan report is due soon, here are the Reuters results as a preview.The Reuters Tankan Index provides a monthly snapshot assessing Japanese business sentiment ahead of the Bank of Japan's quarterly report. For Q2 2025, the data shows:

The S&P Global Australia Manufacturing PMI fell to 50.6 in June from 51.0 in May, its lowest reading since February. Output declined slightly as new orders fell for the first time in five months, due to adequate client inventories and weaker market conditions. While the overall contraction in new orders was marginal, export demand dropped sharply, with panellists pointing to negative impacts from U.S. trade policy on global demand for Australian goods. Reflecting the softening activity, purchasing volumes contracted for a second straight month amid reluctance to build inventory. Both pre- and post-production inventories were depleted as goods producers responded to declining demand. Despite the slowdown, employment continued to rise, though at the weakest pace in four months, as firms added staff to manage existing workloads. The increase in labor capacity, combined with fewer new orders, contributed to a further sharp drop in backlogged work.

New Zealand stocks edged up 17 points or 0.1% to 12,618 on Monday, the first trading day of a new month, extending gains for a fourth session. The uptick followed a positive lead from Wall Street Monday as easing trade war fears and rising bets on near-term rate cuts lifted sentiment. Locally, business mood rebounded in June after hitting a ten-month low in May. Meanwhile, New Zealand's building permits rose 10.4% yoy in May, reversing a 14.6% decline in April. In China, New Zealand’s top trading partner, services activity grew the most in three months in June while a drop in manufacturing eased, as Beijing continued efforts to counter trade-related pressures and sluggish domestic demand. Still, gains on the NZX 50 were limited by caution ahead of China’s private manufacturing PMI data due later in the day. Industrial services, healthcare, and consumer non-durables led the rise, amid gains from Napier Port Holdings. (2.5%), AFT Pharma (2.2%), and Millenium & Copthorne Hotels (1.8%).

The number of building consents issued for new dwellings in New Zealand rose by 10.4% month-on-month in May 2025, reaching a seasonally adjusted total of 3,151 units. This included 1,464 stand-alone houses, 1,320 townhouses, flats, and units, 211 retirement village units, and 156 apartments. For the year ended May 2025, a total of 33,530 new dwellings were consented, marking a 3.8% decline compared to the previous year. The annual value of non-residential building work consented also dropped by 2.3% to $9.0 billion. The number of new dwellings consented per 1,000 residents was 6.3, down from 6.6 a year earlier and well below the record high of 13.4 recorded in December 1973. These figures highlight a continued slowdown in New Zealand’s residential construction activity.

Japan to begin seabed rare earth extraction in 2025 to curb China dependence.Japan plans to start extracting rare earth elements from the seabed near Minami-Torishima Island in fiscal 2025, beginning January 2026, according to Nikkei Asia (gated).

Oat decreased to a 6-week low of 340.00 USd/Bu. Over the past 4 weeks, Oat gained 1.06%, and in the last 12 months, it increased 23.52%.

Missed The Last Oil Rally? This Pullback Could Be Your Second Chance.Crude Oil has just entered what may be the most attractive entry point of 2025.