Daily Morning Report 26.06.2017

The dollar was mostly flat Monday as the outlook for a further U.S. rate hike this year dimmed.

The dollar index was unchanged at 96.98 at 03:00 ET.

The market odds of a U.S. hike later in the year have eased as inflation growth remains sluggish.

The pound was firm above the $1.27 mark amid Brexit talks and speculation of a possible U.K. rate hike.

PM Theresa May is due Monday to unveil details of its plans for EU citizens’ rights in the U.K. post-Brexit.

May’s Conservatives remain in talks with the Democratic Unionist Party to form a government.

The euro was steady at the $1.11 level after two Italian regional banks bailed out with public money.

The dollar edged higher against the yen at the 111 mark.

The Aussie and the loonie were underpinned by a recovery in oil prices.