Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
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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