United States 4-Week Bill Auction down to 4.08% from previous 4.17%

The One Big Beautiful Bill contains many worrying aspects that further increase the debt level, without a strong economic impulse. Beyond the headline tax cuts, it also contains some proposals for various taxes, such as Section 899, that look an awful lot like capital controls.

United States EIA Natural Gas Storage Change came in at 109B, above expectations (108B) in June 6

The Indian Rupee (INR) recovers some of the initial losses against the US Dollar (USD) ahead of the American session on Thursday as markets digest the latest release of the US Producer Price Index (PPI) report for May.

US citizens filing new applications for unemployment insurance climbed to 248K for the week ending May 31, as reported by the US Department of Labor (DOL) on Thursday. This print came in above the initial estimates and matched the previous week's revised tally.

The most recent statistics from the Bureau of Labour Statistics (BLS) show that Producer Prices increased by 2.6% in May compared to the previous year. The figure was in line with forecasts but a tad higher than April’s 2.4% growth.

United States Initial Jobless Claims above expectations (240K) in June 6: Actual (248K)

United States Continuing Jobless Claims up to 1.956M in May 30 from previous 1.904M

United States Producer Price Index ex Food & Energy (MoM) below expectations (0.3%) in May: Actual (0.1%)

United States Initial Jobless Claims 4-week average climbed from previous 235K to 240.25K in June 6

United States Producer Price Index (YoY) meets expectations (2.6%) in May

United States Producer Price Index ex Food & Energy (YoY) below expectations (3.1%) in May: Actual (3%)

United States Producer Price Index (MoM) came in at 0.1%, below expectations (0.2%) in May

The vice-president of the European Central Bank, Luis de Guindos, said that the bloc’s economy had proven resilient but faced a number of risks, such as tariffs, that could curb growth.

The US Dollar (USD) is weak and losing ground against all of the G10 currencies while showing marginal gains vs. MXN, Scotiabank's Chief FX Strategist Shaun Osborne notes.

India M3 Money Supply remains unchanged at 9.5% in May 26

Brent crude is showing bullish continuation signals after confirming a double bottom and breaking above its consolidation range, with momentum indicators pointing toward further upside, Société Générale's FX analysts note, Société Générale's FX analysts note.

Some ECB officials, including the President herself, have recently made no secret of their ambitions to establish the euro as the world's new reserve currency, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

US Dollar (USD) could edge higher, but any advance is likely limited to a test of 7.2070. In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

United Kingdom NIESR GDP Estimate (3M) dipped from previous 0.6% to 0.4% in May

US-EU deal is achievable; it may come after 9 July, but tariff reprieve is likely to be extended. EU likely to consider unilateral tariff cuts and streamlining of regulatory burden to mollify Trump.

Ireland HICP (YoY) meets forecasts (1.4%) in May

Ireland HICP (전월 대비) down to 0% in May from previous 0.4%

Ireland Consumer Price Index (MoM): 0% (May) vs previous 0.4%

Ireland Consumer Price Index (YoY) dipped from previous 2.2% to 1.7% in May

TradingKey - The U.S. released its latest CPI data yesterday. According to the Bureau of Labor Statistics, the U.S. Consumer Price Index (CPI) for May came in below expectations. Headline CPI rose jus

European Central Bank (ECB) board member Isabel Schnabel said on Thursday, “monetary policy cycle is coming to an end.”

Japan’s Chief Trade Negotiator and Economy Minister Ryosei Akazawa said on Thursday that “any discussions on US Treasuries would be led by Finance Minister Katsunobu Kato.”

The Australian and New Zealand dollars are consolidating recent gains as US-China trade tensions have abated, while the USD failed to regain much ground, ING's FX analyst Chris Turner notes.

Some softer UK April GDP data this morning has seen sterling come under more pressure, ING's FX analyst Chris Turner notes.