Japan Labor Cash Earnings (YoY) registered at 1%, below expectations (2.4%) in May

Jul 7, 2025

AUD/USD weakens to near 0.6550 on renewed tariff concerns

The AUD/USD pair trades in negative territory for the third consecutive day near 0.6550 during the early Asian session on Monday. The renewed concern about a global trade war weighs on the Australian Dollar (AUD) against the Greenback.

Israel carries out ‘intense’ strikes on Houthi targets in Yemen

Israel stated late Sunday that the country’s military had attacked Houthi targets at three ports and a power plant in Yemen. Defence Minister Israel Katz confirmed the attack, saying they were carried out due to repeated attacks by the Iranian-backed rebel group on Israel.