US consumer sentiment improved for the first time in six months in June as trade tensions between the United States and China eased. The University of Michigan's Consumer Sentiment Index rose to 60.5 in June from a final reading of 52.2 in May, beating the estimation of 53.5. The upbeat US economic data could lift the Greenback in the near term.

The price of gold is nearing its all-time high as tensions in the Middle East escalate, but analysts say they’re doubtful Bitcoin will do the same as investors prioritize other safe-haven assets. The price of gold rose to $3,

Tankers fixtures have slowed to a trickle in the Middle East Gulf as Israel and Iran continued to launch missile attacks. But what business there was attracted much higher rates, with VLCC spot earnings jumping 20% on Friday. Sentosa Ship Brokers said the main Middle East Gulf to Japan VLCC route has added $12,000 per day to hit $31,000.

Services inflation is where the real curveball landed. It slowed sharply, driven by plunging airfares and softening housing costs. Supercore inflation—core services ex-housing—has collapsed from a 9.5% annualized pace in January to essentially flat over the past three months. That’s not disinflation—that’s demand destruction.

A further escalation in Iranian-Israeli tensions could take oil prices above $80 and would mean more upside for the dollar.

Tehran said American bases in the Middle East could face reprisals if the U.S. helped repel Iranian attacks on Israel.