Global data: Flash PMIs and inflation focus – Deutsche Bank

Deutsche Bank’s Galina Pozdnyakova, Jim Reid and Luke Templeman highlight that next week’s main macro focus will be global flash PMIs and several key inflation releases. They note particular attention on the US May PCE report, alongside the Ifo survey in Germany, Tokyo CPI in Japan, and CPI reports in Canada and Australia.

Flash PMIs and global CPI releases

"The global flash PMIs will be amongst the main data highlights next week."

"In the US, the focus will also be on the May PCE report."

"Elsewhere, key releases include the Ifo survey in Germany, Tokyo CPI in Japan and CPI reports in Canada and Australia."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Jun 19, 2026

United States Dollar: Fed stance and data keep support – Nordea

Nordea analysts expect the Dollar to stay supported in coming months as the Federal Reserve maintains a relatively hawkish stance and US data remain firm. They argue that US growth and inflation dynamics justify higher yields versus peers, limiting Dollar downside.

Japanese Yen: Yield spreads keep pair elevated – Nordea

Nordea expects USD/JPY to remain high as wide US–Japan yield differentials persist and the Bank of Japan stays very accommodative. While some gradual BoJ normalization is anticipated, it is seen as too modest to materially weaken the Japanese Yen near term.