Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
The U.S. Treasuries slid ahead of a host of speeches by FOMC members throughout this week, especially from the Federal Reserve Chair Janet Yellen, scheduled on June 27. Also, the 5-year and 7-year auctions, due to be held on June 27 and 28 respectively will further decide the behaviour of the debt market.
The yield on the benchmark 10-year Treasury, slid nearly 1 basis point to 2.14 percent, the super-long 30-year bond yields also slipped almost 1 basis point to 2.712 percent while the yield on short-term 2-year note hovered around 1.34 percent by 12:30GMT.
In the US, with concerns persisting about the absence of vigorous growth momentum and recent weakening in inflation, the coming week brings several top-tier economic releases. These kick off today with preliminary May durable goods orders and new home sales numbers (Monday), to be followed by the June Conference Board consumer confidence indices and April Case-Shiller home price figures (tomorrow), the May advanced goods trade report (Wednesday), third estimate of Q1 GDP (Thursday), and May personal income and spending figures, including the associated deflators (Friday).
Lastly, in the FX markets, the greenback remained under pressure on the view that in an environment of subdued US inflation, the Fed will likely pursue a slower pace of rate tightening compared to that reflected in the latest Fed “dot plots” released two weeks ago. Looking at this week’s calendar, Fed Chair Janet Yellen is due to give a speech at an event in London on Tuesday while the US administration will attempt to push the healthcare bill through Congress before the July 4 Independence Day.
Meanwhile, the S&P 500 Futures traded 0.27 percent higher at 2,441.75 by 12:40GMT, while at 12:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -55.44 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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