The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
The impact of the weekend’s U.S. capture of Venezuelan President Nicolas Maduro was short-lived, with currencies largely unaffected. Amo Sahota, director at Klarity FX, said there was no risk-off sentiment, noting the situation remained isolated.
The dollar rose 0.49% to 0.795 against the Swiss franc and 0.14% to 156.6 against the Japanese yen. Sahota highlighted that attention is on the U.S. labour market, with ADP and job openings reports due this week, followed by the main jobs report on Friday.
Markets are also digesting comments from Federal Reserve officials on interest rates. Richmond Fed President Tom Barkin said any rate changes must be “finely tuned” to incoming data, while Minneapolis Fed president Neel Kashkari warned of potential upward pressure on unemployment.
The euro weakened to $1.169 as inflation slowed more than expected in Germany and France, pushing European government bond yields down around three basis points. The pound also fell, last trading at $1.3504.
The U.S. dollar index rose 0.19% to 98.57. The Australian dollar hit a one-year high at $0.6739, while the offshore Chinese yuan remained stable at 6.981, and the New Zealand dollar eased 0.1% to $0.5782.
Investors remain focused on the outlook for U.S. monetary policy and future European inflation trends.
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U.S. President Donald Trump said he sees progress between Israel and Lebanon after talks with Netanyahu, while Hezbollah has rejected a new ceasefire proposal and Israel has ruled out a troop withdrawal.
Colombian singer Shakira will perform the official World Cup song, "Dai Dai", at the tournament's opening ceremony in Mexico City, FIFA announced on Friday (5 June).
Armenians will vote on Sunday in a parliamentary election that will determine whether Prime Minister Nikol Pashinyan secures a new mandate to pursue peace with Azerbaijan or cedes ground to pro-Russian rivals.
Chinese President Xi Jinping will visit North Korea on 8-9 June, marking his first trip to the country in nearly seven years as Beijing seeks to strengthen relations with its long-time ally.
Thousands of people have taken to the streets in Albania in recent days to protest against a luxury tourism project linked to Jared Kushner, the son-in-law of U.S. President Donald Trump, and his wife Ivanka Trump.
Iran’s Revolutionary Guards (IRGC) said in a statement that its Aerospace Force did not strike the Kuwait Airport passenger terminal on Wednesday, and that the destruction was instead caused by a failed U.S. Patriot missile.
Israel and Lebanon have agreed to implement a ceasefire after U.S.-backed talks in Washington. The deal requires Hezbollah to halt attacks and withdraw from southern Lebanon, while both sides will resume direct talks later this month aimed at reaching a broader agreement.
Protesters chanted “I can’t breathe” and threw bins at police in Southampton on Tuesday (2 June) after footage emerged showing murdered teenager Henry Nowak being arrested as he lay dying from a stab wound.
As Armenia heads toward parliamentary elections on 7 June, the country's relationship with Azerbaijan is emerging as one of the defining issues of the campaign, with analysts and international observers highlighting the role of regional politics in shaping voters’ mindsets.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
European companies are continuing to deepen their presence in China, with nearly seven in ten firms maintaining or expanding their supply chains despite global efforts to diversify, according to a new survey by the EU Chamber of Commerce.
BP has removed its chair, Albert Manifold, with immediate effect, citing concerns over governance and conduct. The company said its board had unanimously decided that Manifold should no longer serve as chair or director.
The dual-class share structure outlined in SpaceX’s initial public offering (IPO) filing, which gives chief executive Elon Musk outsized control, has reignited one of Wall Street’s longest-running debates over corporate governance.
Kevin Warsh will be sworn in as chair of the U.S. Federal Reserve on Friday as policymakers consider higher interest rates to tackle inflation linked to the Trump administration’s Iran policy.
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