United States EIA Natural Gas Storage Change registered at 76B above expectations (67B) in June 19

ABN AMRO strategist Georgette Boele notes that recent Dollar strength has been driven mainly by a reassessment of the Federal Reserve outlook, with markets now pricing in rate hikes into 2026. She argues this repricing may have gone too far, as ABN AMRO still expects Fed rate cuts around year-end.

MUFG’s Lloyd Chan reports broad Asia FX weakness versus the Dollar, with the Thai Baht underperforming. The Bank of Thailand has kept its policy rate at 1% as growth remains low and uneven and credit conditions soft.

Russia Central Bank Reserves $: $743.8B vs $729.3B

West Texas Intermediate (WTI) US Oil trades around $69.30 at the time of writing, down 0.65% on Thursday. The American benchmark Crude is now posting a fourth consecutive day of losses, weighed down by a convergence of supply-side factors reshaping market expectations.

TD Securities’ Izidor Flajsman highlights that during historical US equity ‘lost decades’, Precious Metals, especially Gold, have delivered strong real returns while broad Commodities were more mixed.

Commerzbank economists Bernd Weidensteiner and Christoph Balz review 250 years of US economic history, highlighting how persistent inflation has eroded the value of the Dollar and how federal debt has surged back to World War II highs.

According to the Commerce Department’s Bureau of Economic Analysis (BEA), the final GDP Growth Rate showed the economy expanded by 2.1% in the January-March period. The readings show a marked increase from the prior quarter’s 0.5% expansion.

Durable Goods Orders in the United States (US) declined by 4.5%, or $15.6 billion, in May to $332.1 billion, the US Census Bureau reported on Thursday. This reading followed the 8.5% increase recorded in April and came in line with the market expectation.

United States Gross Domestic Product Price Index above expectations (3.5%) in 1Q: Actual (3.6%)

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance shrank to 215K for the week ending June 20.

United States Continuing Jobless Claims came in at 1.821M, above expectations (1.8M) in June 12

EUR/GBP trades on the back foot around 0.8620 on Thursday, hovering near the lower end of the multi-month range that has held since July 2025.

United States Personal Consumption Expenditures - Price Index (YoY) in line with forecasts (4.1%) in May

United States Personal Spending above forecasts (0.6%) in May: Actual (0.7%)

United States Personal Income (MoM) above expectations (0.4%) in May: Actual (0.7%)

United States Core Personal Consumption Expenditures (QoQ) in line with forecasts (4.4%) in 1Q

United States Core Personal Consumption Expenditures - Price Index (MoM) meets forecasts (0.3%) in May

United States Personal Consumption Expenditures - Price Index (MoM) came in at 0.4% below forecasts (0.5%) in May

United States Personal Consumption Expenditures Prices (QoQ) registered at 4.6% above expectations (4.5%) in 1Q

ABN AMRO’s Georgette Boele flags that speculative positioning in the Japanese Yen is very stretched, with large net shorts coinciding with USD/JPY trading near levels last seen in 1986.

ING’s Frantisek Taborsky warns that a stronger Dollar and lingering Fed hike risks are pressuring Central and Eastern European currencies. Weaker FX raises inflation concerns for open CEE economies just as higher Oil and food prices loom.

The broader cryptocurrency market remains under immense downward pressure as investors' interest shifts toward lucrative AI and memory stocks. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are holding above their June 6 lows, with bulls hoping short-term resilience will ward off sellers. 

DBS Group Research economist Sherilyn Chew analyses Indian government bond performance after the Reserve Bank of India’s (RBI) June 5 capital flow liberalisation.

Mexico Jobless Rate above forecasts (2.6%) in May: Actual (2.8%)

Brazil Mid-month Inflation below forecasts (0.44%) in June: Actual (0.41%)

Mexico Jobless Rate s.a rose from previous 2.6% to 2.7% in May