USD/CAD recovered as oil prices fell on Iran talks optimism, pressuring CAD; dollar stayed weak.
Bessent confident core inflation will fall; urges Fed rate cuts, backs Warsh, notes tariffs unchanged, seeks housing bill.
GBP/USD rises to 1.3590 as risk sentiment improves and weaker Dollar follows softer-than-expected inflation data.
U.S. auctioned 52-week Treasury bills, with the high rate rising to 3.56% from 3.485% previously.
Silver rallied to $78.80 as weaker dollar, soft inflation, and easing US-Iran tensions boosted demand.
Sterling gained 0.3% to above 1.35; strong UK debt demand and BoE comments supported bullish GBP/USD.
BoE’s Megan Greene says UK activity was weak pre-Iran war; warns war-driven inflation and second-round risks.
Gold rose as the dollar weakened on renewed US-Iran talks hopes, remaining within a two-week range.
White House adviser Kevin Hassett says energy prices will drop as Hormuz reopens; expects solid Fed rate-cut room.
Chicago Fed’s Goolsbee warns Middle East tensions could delay rate cuts to 2026 if inflation persists.
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