Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
Asian Stocks Slide as Oil Surge, U.S.-Iran Tensions and Fed Rate Bets Weigh on Markets 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
The U.S. Treasuries surged Wednesday ahead of the 10-year auction and a host of FOMC members’ speeches scheduled for later in the day. December’s consumer credit and the usual weekly mortgage application numbers are the only new releases in a quiet US economic diary today. The Treasury will sell 10-year Notes.
The yield on the benchmark 10-year Treasuries remained tad lower at 2.76 percent, the super-long 30-year bond yields also slid marginally to 3.03 percent and the yield on the short-term 2-year traded 1-1/2 basis points lower at 2.07 percent by 10:50GMT.
In the government bond market, the 10-yr US Treasury yield awaited the Treasury’s USD24 billion auction of 10-year government bonds later in the day, after yesterday’s eight-session low of 2.64 percent. Today’s calendar includes US consumer credit data for December, while European Commission publishes its updated Winter 2018 Economic Forecasts.
Meanwhile, the S&P 500 Futures traded 0.89 percent lower at 2,670.50 by 10:55GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bullish at 141.46 (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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