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.
Kansas City Fed data showed May manufacturing activity at -9, up from -10, still contracting slightly.
Higher gold prices and TMX pipeline access boosted non-US exports, offsetting U.S. tariffs despite overall declines.
Gold slips near $4,504 as US-Iran headlines, firm dollar, high oil and hawkish Fed expectations pressure.
Bank Indonesia unexpectedly hiked rates to 5.25% to defend rupiah, curb imported inflation; USD/IDR momentum cools.
Silver hovers near two-week lows on US-Iran headline swings; stronger dollar and yields cap gains.
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