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New York’s Empire State Manufacturing Index surged to 19.6 in May, easily beating forecasts of 7.5.
TD Securities now sees no Fed cuts in 2026; June turns hawkish, easing bias removed, dollar soft.
Dollar Index climbed as Treasury yields hit new highs; retail sales steady; GDPNow upgraded; Brent oil rose.
Europe nears “global euro moment,” but fragmented capital markets and unused savings still constrain the euro’s role.
Trump discussed fentanyl with Xi, touted big China purchases, weighed Iran oil sanctions, and Taiwan arms decisions.
Societe Generale sees rising US 2-year yields outpacing peers, suggesting DXY can climb beyond consensus.
Trump–Xi summit lifted dollar; seen as correction. Oil shock may fade. Yields rose; Fed hikes eyed.
India hikes fuel prices, raises gold and silver import duties to curb dollar demand and support rupee.
USD/CHF hits two-week high as dollar strengthens, inflation fuels 2026 Fed hike bets, amid geopolitics.
April US trade prices beat forecasts; import prices rose 1.9% and exports 3.3%, lifting Treasury yields.
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