Brazil’s May IPCA rose 0.58%, above forecasts, tightening rate-cut expectations and pressuring bonds, real, equities.
EUR/USD pares gains near 1.1575; ECB hikes, US data mixed, resistance holds amid cautious risk sentiment.
MUFG expects stubborn US inflation and strong jobs to keep rates higher, boosting dollar amid central bank meetings.
Rupee firms as US-Iran talks lift hopes reopening Hormuz; oil slides, equities rise despite fiscal concerns.
Sterling edges higher as US-Iran peace hopes weaken dollar; GBP/USD tests 200-day SMA despite soft UK data.
USD/BRL nears crucial 5.25 barrier; options target breakout to 5.32/5.34, hedging downside amid volatility spike.
IRNA outlines US-Iran MoU terms: Hormuz unchanged, nuclear talks in 60 days; oil dips, volatility expected.
Focus shifts to June 17 FOMC: new leadership turns neutral-to-hawkish, dot plot drops cuts, maybe adds hikes.
ECB hikes deposit rate to 2.25% with hawkish tone; inflation forecasts rise, markets price further September tightening.
BNY’s Savage: iFlow shows institutional cash falling amid high valuations, issuance; policy expectations, not inflation, drive volatility.
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