United Kingdom S&P Global Manufacturing PMI below forecasts (53.1) in June: Actual (52.5)

Jul 1, 2026

US Dollar: Real strength and REER outlook – BNY

BNY’s Geoff Yu argues that the US Dollar remains undervalued in real effective terms despite recent gains in USD/JPY, EUR/USD and USD/CAD. He notes that Eurozone growth and inflation have softened while U.S. price dynamics strengthen, supporting further appreciation in the Dollar’s REER.

Copper: Fed focus and Iran talks steer prices – ING

ING’s commodities team reports that industrial metals, led by Copper, gained as markets monitored US-Iran talks and shipping risks, while Aluminium stayed under pressure.