Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
The U.S. Treasuries gained Thursday ahead of the country’s initial jobless claims and personal consumption expenditure indicator, scheduled to be released today by 12:30GMT. Also, FOMC member Harker’s speech, due today at 17:00GMT will add further direction to the debt market.
The yield on the benchmark 10-year Treasuries slid nearly 1 basis point to 2.76 percent, the super-long 30-year bond yields also fell 1 basis point to 3.00 percent and the yield on the short-term 2-year too traded nearly a basis point lower at 2.27 percent by 11:40GMT.
In the US, February personal income, spending and price indicators will take centre-stage. Personal income should have continued growing at a pace close to the 0.4 percent m/m rate seen in January, although weaker interest income might add some additional downward pressure.
On the spending side, while growth in retail sector activity was unimpressive that month, higher spending on services should leave overall spending growing around 0.2 percent m/m, similar to January’s rate. And in line with the latest CPI data, the PCE deflator is likely to show a relatively modest increase in prices, with the core index likely advancing by 0.2 percent m/m.
Meanwhile, the S&P 500 Futures rose 0.35 percent to 2,616.50 by 11:45GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 78.29 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
