The UoM consumer confidence report, apart from the decline, showed an increase in inflation expectations in the 1 and 5-year perspective. More importantly, the 1-year outlook has risen to a staggering 3%, putting a question mark over price stability in the US. Higher inflation expectations are poor news for indices, which fell after publication of today's reading, but positive news for the US dollar. Theoretically, a boom in inflation could slightly change the monetary policy in the United States in the longer term.
US inflation expectations are rising very strongly. Source: Macrobond, XTB
EURUSD below 1.2100, the lowest since December 10. Source: xStation5
Goldman Sachs turns even more bearish on yen š
Economic Calendar: All Eyes on Key U.S. Services Dataā°
Chart of the Day: USDJPY ā a change in trend? (03.07.2026)
Economic Calendar: What are markets focusing on after NFP? (03.07.2026)