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June 24, 2026
Euro traded at 1.1361 against USD at 9:00 AM PST
German business sentiment improved in June as firms perceived the current business environment as less uncertain following the signing of the US-Iran peace deal. The business climate index rose from 85.0 in the previous month to a three-month high of 85.6 in June.
Companies assessed their current business situation more positively. The current situation index rose to 87.0 in June, marking the highest since July 2024. At the same time, the expectations index climbed from 83.9 in the prior month to 84.1. 06/24/2026 - 06:23:00 (RTTNews)
Australia's consumer price inflation eased in May as fuel prices cooled, but core inflation strengthened further and remained above the central bank target. Consumer prices increased 4.0% yearly in May, slower than the 4.2% rise in April. This was the slowest inflation rate in three months.
Meanwhile, trimmed mean inflation rose from 3.4% in April to 3.6%, the highest since September 2024. Automotive fuel was excluded from the trimmed mean in March, April, and May. The largest contributor to the CPI inflation was housing, which climbed to 6.5% due to rising costs of electricity, new dwellings, and rent.
Electricity costs surged 21.1% because government rebates that reduced electricity costs for households were no longer in place. Food and non-alcoholic beverages prices grew at a faster pace of 3.3%. On the other hand, the increase in transport cost halved to 3.3% from 6.6% in April.
Automotive fuel prices moved up only 7.7% after rising 18.6% in the previous month. While the annual growth in goods prices slowed from 4.7% to 4.2%, services inflation advanced from 3.5% to 3.7%.
Month-on-month, consumer prices registered a 0.7% fall, in contrast to the 0.4% increase in April. Last week, the Reserve Bank of Australia left its key interest rate unchanged at 4.35% after three consecutive rate hikes. 06/24/2026 - 01:48:00 (RTTNews)
Taiwan's industrial production growth moderated for the second month straight in May, while retail sales increased for the fourth month straight. Industrial production advanced 11.8% year-on-year in May, slower than the 14.9% growth in April.
Among sectors, the annual growth in manufacturing output eased from 16.0% to 12.7%. Meanwhile, the contraction in the mining and quarrying sector softened marginally from 8.7% to 7.6%. Utility sector production fell 1.3%, compared to the 1.1% decline a month ago. Monthly, industrial production rose a seasonally adjusted 1.6% after rising 0.9% in April.
Retail sales climbed 4.9% yearly in May, slower than the 5.2% increase in the previous month. Sales at general merchandise stores advanced 5.5%, while those at the food, beverages, and tobacco industries dropped 0.2%. Sales of textiles and clothing in specialized stores expanded 8.1%, while motor vehicles, motorcycles, and related sales at specialized stores logged 0.9% fewer sales. 06/24/2026 - 05:56:00 (RTTNews)
This market update is prepared by Cathay Bank for informational purposes only and does not constitute any form of legal, tax or investment advice, nor should it be considered an assurance or guarantee of future exchange rate movements or trends. This information is provided without regard to the specific objectives, financial situations or needs of any recipient. Cathay Bank does not make any representations or warranties about the accuracy, completeness or adequacy of this market update.
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