June 23, 2025
United States:
Dollar Surges as Mideast Escalation Spurs Inflation Risk
The dollar rose to the highest level in nearly a month as US strikes on Iran spurred demand for the haven currency while underscoring the risks posed by climbing oil prices.
The Bloomberg Dollar Spot index gained as much as 0.6% to hit levels last seen on May 30 as investors worried that higher oil prices could stoke inflation and prevent the Federal Reserve from cutting interest rates.
Europe:
Euro Zone’s Private Sector Near Stagnation on Uncertainty
The euro area’s private sector barely grew in June, remaining in limbo as erratic US trade policy and geopolitical conflicts leave companies in the dark on what’s next.
The Composite Purchasing Managers’ Index by S&P Global held at 50.2, remaining just above the 50-threshold separating growth from contraction, data Monday showed.
Asia:
Japan Approves Plan to Cut Super-Long Bond Sales by $22 Bln
Japan will reduce its issuance of super-long bonds starting in July, taking a step to calm a bond market rattled by recent surges in yields.
The Finance Ministry will trim the volume of 20-, 30- and 40-year bonds sold in regular auctions by a combined ¥3.2 trillion ($21.7 billion) through the end of March 2026, according to a debt issuance plan approved Monday.
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