The Bank of England holds rates; Oil swings as President Trump gives himself two weeks to decide on the Middle East conflict. Australia’s job market remains resilient. New Zealand’s growth passes expectations. The Philippines cuts rates.

In our deep dive interview, ANZ Head of FX Research Mahjabeen Zaman explains how the US dollar is facing further downside risk this year as it loses some safe-haven status.

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The FOMC holds US rates and indicates two more cuts this year. Bank Indonesia holds to protect its currency. Australia’s job market is set to show ongoing strength. Japan exports fall amid tariff uncertainty. New Zealand’s economy is set for Q1 growth.

In our deep dive interview, ANZ Economist Dhiraj Nim analyses the Reserve Bank of India’s recent monetary policy ‘clarification’ after an oversized rate cut earlier this month.

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Oil is up as concern grows over the Israel-Iran conflict. Stocks are down - also due to weak US economic data. The Bank of Japan holds amid tariff uncertainty. Australian consumers are expecting higher inflation as global tensions rise.

In our deep dive interview, ANZ Senior Economist Matthew Galt explains why New Zealand’s housing market is struggling to gain momentum even as interest rates drop.

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Oil prices fall and stocks gain on news Iran is seeking de-escalation, despite strikes continuing. The Bank of Japan is set to hold rates today amid a hiking cycle. Extra May holidays boost Chinese retail sales and suppress production.

In our deep dive interview, ANZ Senior Commodities Strategist Daniel Hynes analyses the Israel-Iran conflict and the ability of OPEC to respond to any disruption with increased supply.

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Oil starts the week with more upward pressure, after jumping over 7% on Friday as Israel renewed attacks on Iran, and retaliation over the weekend. The developments will overshadow key central bank meetings this week, set to hold clues for further rate moves.

In our deep dive interview, ANZ Head of Asia Research Khoon Goh says while front-loading of Asian exports has supported trade numbers, the surge in activity is set to ease.

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Soft US inflation data sees markets price in two Federal Reserve rate cuts later this year. Gold rises and the US dollar falls as markets turn from trade talks. Subdued retail demand continues in New Zealand. India’s inflation is weaker than expected in May.

In our deep dive interview, ANZ Senior Economist Matthew Galt discusses what’s been driving New Zealand’s economy out of last year’s recession ahead of Q1 GDP data next week.

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President Trump says US-China trade talks result in agreements covering rare earths and magnets, and Chinese students. US inflation surprises to the downside in May, supporting rate cut expectations for later this year. Australian consumers look to spend.

In our deep dive interview, ANZ Economist Arindam Chakraborty explains ANZ Research’s call that the Philippines should pursue a fairer, or even under-valued exchange rate.

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US and China trade talks continue this morning, with ‘more to do’. US inflation data for May will show if tariffs are pushing up prices. Australian business conditions are their lowest since 2020. Traffic movements in New Zealand show diverging economic activity.

In the second part of a deep dive interview into OPEC’s production cut phase-out, ANZ Senior Commodities Strategist Daniel Hynes explains why he will be keeping a close eye on what the oil bloc decides on production in September.

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The US and China resume trade talks, as Chinese export data shows a growing fall in US shipments. Chinese factory gate prices experience stronger deflation in May. New Zealand’s manufacturing activity shows strength in the March quarter.

In our deep dive interview, ANZ Senior Commodities Strategist Daniel Hynes analyses how OPEC has been shifting in its strategy to phase out previous production cuts.

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The European Central Bank cuts but signals the cycle is near an end. US markets were buoyed by a trade call between Presidents Trump and Xi - all eyes are now on payrolls data to gauge the Fed’s next move. Australian households remained cautious in April. New Zealand’s construction sector may have found a floor.

In our deep dive interview, ANZ Economist Vicky Xiao Zhou explains how ANZ Research developed a model to provide a more timely estimate of China’s export performance.

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