Experts surveyed by Reuters suggest that American consumer prices likely rose in June. The US Labor Department's report is expected to show increased gasoline prices and higher costs for some tariff-sensitive goods last month.
According to Jeremie Peloso, Chief Europe Strategist at financial advisory firm BCA Research, the euro is in the early stages of a multi-year bull market that could eventually take EUR/USD to 1.40.
A new study by the Federal Reserve Bank (Fed) of San Francisco warns that although Donald Trump's tariffs may boost US manufacturing jobs in the medium term, they will ultimately reduce overall employment and corporate profits nationwide.
Gold prices have dipped slightly recently. However, a weaker US dollar could help push the yellow metal higher again. Meanwhile, silver prices are rising due to record demand for semiconductors, according to Heraeus analysts.
Beth Hammack, president of the Federal Reserve Bank of Cleveland, sees no need for an immediate interest rate cut. She cites persistently high inflation rate and the uncertainty surrounding the impact of trade tariffs on domestic price pressures.
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