EUR/USD
1.13849
-0.014%
Gold
4060.56
-0.269%
Oil
69.457
0.102%
USD/JPY
161.762
0.007%
GBP/USD
1.31955
-0.019%
GBP/JPY
213.458
-0.011%
Real-time News
June 29th - According to a survey released by Invesco, concerns about the US dollar are "widespread and deepening," with 61% of surveyed central banks stating that US debt levels negatively impact the dollars long-term status as a reserve asset, compared to 20% in 2024. While the Iran war has boosted the dollar by 3% this year, analysts say that US policy uncertainty and high debt levels suggest the dollar may weaken in the long term. Although any shift towards reducing dollar investments is likely to be gradual due to the lack of credible alternatives, the Invesco survey shows that 29% of respondents believe the dollars reserve currency status will weaken within five years, up from 12% in 2022. Invesco also noted that several institutions have reported reassessing their reliance on US custodians, counterparties, and clearing infrastructure due to geopolitical tensions. Meanwhile, one-third of respondents indicated they intend to increase their gold holdings in response to the trend of investment diversification.Sources say Venezuela’s Amuay refinery has shut down due to a power outage; its daily output is 64.5 barrels.1. Monday: ① Data: Eurozone June Industrial and Economic Sentiment Indices, Eurozone June Industrial Sentiment Indices; ② Fed official Barkin speaks; ③ ECB holds Central Bank Forum in Sintra, until July 1; ④ The Peoples Bank of China will increase overnight reverse repurchase operations in open market operations on the 29th and 30th; ⑤ Japans Ministry of Finance holds a government bond investor meeting; ⑥ Samsung and SK Hynix will announce major investment plans; ⑦ 2026 Beijing Space Computing Conference held. 2. Tuesday: ① Data: Japans May unemployment rate, Chinas June official manufacturing PMI, UKs Q1 current account and GDP final readings, Frances June CPI preliminary reading, Germanys June unemployment rate and CPI preliminary reading, Canadas April GDP monthly rate, US April FHFA house price index monthly rate and 20-city house price index, US May JOLTs job openings, US June Conference Board Consumer Confidence Index; ② Earnings reports: Nike; ③ ECB President Lagarde speaks in Sintra; ④ RBA releases minutes of its June monetary policy meeting; ⑤ US and Iran hold technical talks; ⑥ 2025 annual personal income tax settlement concludes; ⑦ 2026 China Intelligent Computing Industry Ecosystem Development Annual Conference. 3. Wednesday: ① Data: US API and EIA crude oil inventories, Chinas June RatingDog Manufacturing PMI, June Manufacturing PMIs of the US, UK, France, Germany, and the Eurozone, US June Challenger job cuts, US June ADP employment figures; ② Speeches by the heads of the four central banks of the US, UK, Canada, and the European Central Bank at the European Central Bank Forum [simultaneous interpretation]; ③ Japanese Prime Minister Sanae Takaichi embarks on her first official visit to India; ④ The Toronto Stock Exchange is closed for one day, and the Hong Kong Stock Exchange is closed for one day due to the anniversary of the establishment of the Hong Kong Special Administrative Region; ⑤ The semiconductor and electronic components supply chain is expected to see a price surge; ⑥ The Davos Technology Summit opens; ⑦ The "Safety Traffic Regulations for Road Testing and Demonstration Applications of Intelligent Connected Vehicles" comes into effect. 4. Thursday: ① Data: Eurozone May unemployment rate, US May factory orders month-on-month rate, US June seasonally adjusted non-farm payrolls and unemployment rate, US initial jobless claims for the week ending June 27; ② 2026 Shanghai International Embroidered Intelligent Industry Expo; ③ The Global OPC Co-creation Festival is held in Beijing. 5. Friday: ① Data: US total oil rig count for the week ending July 3, Chinas June RatingDog Services PMI, and final June Services PMI readings for the UK, France, Germany, and the Eurozone; ② US stock markets closed for Independence Day; ③ Bank of England Governor Bailey speaks on fiscal and monetary policy coordination; ④ A new round of domestic refined oil price adjustments will begin; ⑤ European Central Bank President Lagarde speaks; ⑥ Trump will attend an event at Mount Rushmore. 6. Sunday: Saudi Aramco announces its official crude oil prices around the 5th of each month.June 29th - Given the Reserve Bank of Australias recent warning that official interest rates could rise further, issues concerning the Middle East conflict and oil prices remain crucial. Matthew Hassan, Head of Macro Forecasting for Australia at Westpac, expects the normalization of oil and gas supplies to be a "slow and tortuous process." He noted that concerns about persistently high domestic inflation will force the RBA to raise interest rates further in August. Hassan added that this decision will be difficult for the committee given the already weak economic growth.Invesco survey: 61% of central banks believe that the level of US debt has a negative impact on the long-term status of the dollar as a reserve asset.
