Trump plans to invoke emergency powers to fast-track critical minerals domestic productionAustralian Q1 2025 GDP 0.2% q/q (vs. expected 0.4%)PBOC sets USD/ CNY central rate at 7.1886 (vs. estimate at 7.1977)Federal Reserve Bank of Atlanta President Raphael Bostic is speaking on Wednesday, June 4Japan May 2025 Services PMI 51.0 (preliminary 50.8, prior 52.4)Canada says additional US tariffs on steel, aluminium are unlawful, unjustifiedUS FBI Director: China target our food supply, putting American lives serious riskIran open to nuclear deal around the idea of a regional uranium enrichment consortiumJapan's ruling coalition partner to propose sales tax cut on foodMajority of economists expect Bank of Canada hold at its meeting today, Wednesday, June 4Two Chinese nationals charged for smuggling potential bioterror fungus into the USChina Commerce Minister met with the European Trade Commissioner SefcovicAustralian S&P Global Services PMI Final for May 2025: 50.6 (prior 51.0)UBS warn that trade wars continue to pose a threat to the US dollarTrump ramping up steel tariffs by double is likely to cut jobs in US manufacturingOil: private survey of inventory shows a larger headline crude oil draw than expectedTrump-owned Truth Social files for Bitcoin ETF - New York Stock Exchange listing soughtTrump and Xi to talk on Friday? That's the latest chatter.ICYMI - SNB's Tschudin dismisses the monthly inflation number as just one data pointBarclays turning less negative on oil pricesJapan to form think tank focused on Trump tariffs and TaiwanTrump's big boosted steel tariffs will take effect from 1201 am on June 4Forexlive Americas FX news wrap: US dollar firms as the trade war ebbsTrade ideas thread - Wednesday, 4 June, insightful charts, technical analysis, ideas
Geopolitics & Commodities:
Brent crude is marginally lower on the session, reflecting muted market reaction.
Q1 GDP rose just 0.2%, missing forecasts; annual growth remained at a tepid 1.3% as public demand and exports dragged.
AUD/USD dipped on the release but quickly recovered, and is now little changed in a narrow range.
Two Chinese nationals have been charged in the U.S. for smuggling a dangerous fungus considered a potential agroterrorism threat.
South Korea:
The index has now extended its gains for the year, buoyed by hopes of policy shifts and political stability.
AUD swings in a small range only:
This article was written by Eamonn Sheridan at www.forexlive.com.
Read More Details
Finally We wish PressBee provided you with enough information of ( ForexLive Asia-Pacific FX news wrap: A subdued range session for major FX )
Also on site :