Latest from RobotFX: important news impacting currency trading.
The yield on the US 10-year Treasury note hovered around 4.4% on Thursday, stabilizing after a decline of roughly 10 basis points in the previous session that brought it to its lowest level in more than six weeks. The move followed progress in US-Iran peace negotiations, which pushed oil prices back to pre-conflict levels and eased some inflation concerns.
At the same time, investors continued to assess the outlook for Federal Reserve policy ahead of a key US inflation release that could shape expectations for the future path of interest rates. Last week, the Fed signaled a firmer tilt toward tighter monetary policy, with Chair Kevin Warsh reiterating his commitment to bringing inflation under control.
Market participants are now focused on the upcoming PCE price index report, the Fed’s preferred inflation gauge. Other closely watched data due this week include final first-quarter GDP, May personal income, preliminary durable goods orders, and weekly jobless claims for the period ending June 20.
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