USD/CAD eased after US-Iran talks headlines; dollar and oil slipped; traders await deal confirmation, key data.
Crude oil rose then fell as Iran deal rumors grow, shifting focus from Hormuz fears to reopening.
Euro area composite PMI fell to 47.5 in May as Gulf conflict lifts costs, deepening contraction.
Barkin says Fed policy is well positioned; future rate moves depend on consumer spending, business responses, inflation expectations.
Reports claim US–Iran draft deal finalized via Pakistan, featuring ceasefire, sanctions easing, and Hormuz navigation guarantees.
Sterling tracks Euro lower on energy; political uncertainty may briefly boost volatility, but fiscal-rule continuity supports Pound.
Euro hits six-week lows near 1.1585 as stronger dollar, Hormuz tensions, high oil and weak Eurozone PMIs.
GBP/USD slips to 1.3406 as Iran-deal doubts lift oil, boost dollar; UK PMI weak, US data firm.
Standard Chartered sees RBI hiking FY27 repo to 5.75% on inflation risks, weak rupee, global yields.
U.S. Treasury’s 4-week bill auction saw a 3.61% high rate, slightly above 3.605% previously.
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