Currency Market Overview - The Euro is trading slightly lower against the US Dollar around 1.1765 during the European session [1] - The Australian Dollar is accelerating its decline towards 0.6500 in the Asian session [1] - The US Dollar is showing positive momentum against the Canadian Dollar, rising to the range of 1.3920-1.3925 [1] - The US Dollar has rebounded above 144.50 against the Japanese Yen [1] - The British Pound has increased for the fourth consecutive day against the US Dollar [1] Key News on Currencies Japanese Yen - Fitch Ratings states that a significant reduction in auto tariffs is necessary for a trade agreement between Japan and the US [2] - Moody's maintains that the Bank of Japan is likely to continue raising interest rates, but weak wage data complicates the situation [2] Australian Dollar - ING reports that ongoing inflation slowdown opens a window for the Reserve Bank of Australia to consider rate cuts [3] - Analysts warn that strong employment data in Australia raises concerns for the Reserve Bank's dovish stance [3] Other Economic Indicators - Indonesia's foreign exchange reserves increased to $152.6 billion at the end of June [4] - Thailand's consumer price index in June fell more than expected [4] - President Putin calls for expanded local currency settlements and proposes the creation of a new BRICS investment platform [4] - Economists predict that the Reserve Bank of New Zealand will adopt a "dovish pause" this week to allow for economic assessment [4] Technical Analysis - The Euro to US Dollar (EUR/USD) remains in the upper half of an ascending regression channel, with the RSI around 60 indicating a bullish tendency, though lacking momentum [5] - Key resistance levels for EUR/USD are at 1.1840 and 1.1900, while support levels are at 1.1740, 1.1700, and 1.1630 [5] - The USD/JPY is forming a symmetrical triangle, with the 50-day EMA at 144.90 acting as immediate resistance [5] - A breakout above this area could pave the way for a bullish trend towards the triangle's upper boundary at 146.50-147.00 [5] Australian Dollar Technicals - If the AUD/USD breaks the 0.6535-0.6545 range, it will activate a double top pattern, confirming a deeper correction with a target at 0.6510 [6] - For a bullish trend to resume, the price must break above the July 1 and 2 highs at 0.6590, targeting the Fibonacci extension levels at 0.6610 and 0.6640 [6] Upcoming Economic Data - Eurozone May retail sales data is scheduled for release at 17:00 [7] - The US global supply chain pressure index for June will be released at 22:00 [7]

Core Viewpoint - Russian President Putin called for the expansion of local currency settlements and proposed the creation of a new investment platform for BRICS countries during the 17th BRICS summit [1] Group 1: Currency and Settlement Initiatives - Putin proposed the establishment of an independent settlement and custody system within the BRICS framework [1] - He emphasized the goal of increasing the share of settlements in rubles and currencies of "friendly countries" to 90% by 2024 [1] Group 2: Investment and Economic Cooperation - The proposal includes increasing the scale of bilateral investments among BRICS member countries [1] - A new investment platform for BRICS countries was suggested to facilitate this increase [1] Group 3: Additional Proposals - Putin proposed the establishment of a carbon market partnership, an arbitration investment center, a fair competition platform, and a permanent tax secretariat within the BRICS framework [1]