Foreign Exchange Market Update

June 29, 2026

United States Consumer Sentiment Rebounds Slightly in June

Consumer sentiment in the United States rebounded slightly in the month of June, the consumer sentiment index for June was 49.5 from the previously reported 48.9. The reading is well above the record low of 44.8 in May.

Sentiment remains in unfavorable territory at 13% below the February 2026 reading prior to the start of the Iran conflict, and nearly 20% less than a year ago. The cost of living remains at the forefront of consumers' minds; for the third straight month, over half of consumers spontaneously mentioned that high prices are weighing down their personal finances. 06/26/2026 - 11:08:00 (RTTNews)

Eurozone

Euro traded at 1.1420 against USD at 9:00 AM PST

Eurozone economic confidence improved in June as tensions in the Middle East eased. The economic sentiment index rose to 95.0 in June from 93.7 in the previous month. The upturn in economic confidence was driven by higher confidence in almost all sectors, namely retail trade, industry, services and among consumers, while confidence in construction deteriorated from May.

Industrial confidence index rose to -7.7from -7.9 in May. The improvement reflects a marked rise in managers' assessment of stocks of finished products and stronger production expectations. Driven by more positive demand expectations, the services sentiment index climbed to 3.2 from 2.6 in the prior month.

Consumer sentiment index advanced to a three-month high at -17.7 from -19.0. The increase was driven by receding pessimism regarding the future general economic situation in their country and their household's future financial situation.

Reflecting retailers' improved assessments of the past business situation and their volume of stocks, confidence among retailers improved in June with the index rising to -9.7 from -10.9 a month ago. 06/29/2026 - 10:19:00 (RTTNews)

Spain's consumer price inflation remained stable in June. Consumer prices increased 3.2% on a yearly basis in June, the same rate of growth as seen in April and May. Similarly, EU harmonized inflation held steady at 3.6%. At the same time, underlying inflation slowed marginally to 2.9% from 3.0% in the previous month. On a monthly basis, consumer prices grew 0.6% after edging up 0.1% in May. The harmonized index of consumer prices also grew 0.6%. Core inflation doubled to 0.4% from 0.2%. 06/29/2026 - 07:59:00 (RTTNews)