Eurozone inflation rose in May; services surged, boosting ECB hike expectations, supporting euro, and rates trades.
EUR/USD steadies near 1.1640 as US-Iran uncertainty offsets firmer Eurozone inflation, boosting ECB hike expectations.
Sterling edged higher on calmer geopolitics, but strong US jobs data and BoE hawkishness kept GBP/USD rangebound.
BoE’s Greene warns inflation sensitivity rising; markets brace for hawkish MPC, higher rates, stronger pound.
Sweden’s GDP dip masked resilient consumers; VAT cut distorts inflation, leaving markets underpricing potential Riksbank tightening.
GDT dairy price index fell 0.6%, hinting softer demand, China supply gains, and potential NZD downside.
NBP held rates at 3.75% in hawkish wait-and-see stance, flagging inflation risks, wage growth, FX intervention.
Canadian dollar underperforms as trade talks resume; USD/CAD holds mid-1.38s, bullish momentum supports call-option strategy.
Hungary’s GDP uptick looks temporary, driven by pre-election spending; weak exports, forint risks, volatility persist.
Oil swings on US–Iran headlines, Red Sea shipping threats, and Russia jet-fuel ban, stoking volatility.
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