Federal Reserve Chair Kevin Warsh said the Fed will follow the U.S. Supreme Court's ruling.

ING strategist Chris Turner said if Fed Chair KEVIN WARSH focuses on price stability in remarks at the ECB forum in Sintra, the dollar should remain firm. Warsh, at his first meeting as Fed chair in June, stressed the need to return inflation to the 2% target; since then core PCE has risen 3.4% and the jobs report was strong. Turner said a reversal in rate‑hike expectations would be "surprising", while Warsh's remarks represent upside risk for the dollar. ING expects the dollar index (DXY) could rebound to the 101.700–101.800 range on the speech.

ECB Vice President VUJCIC said the bank is likely to wait for additional data before deciding its next interest-rate move, adding policymakers will wait through the July meeting and expect updated macroeconomic projections at the September meeting to inform any decision. He warned the ECB will not precommit to a specific rate path. June inflation so far has been in line with expectations. The ECB last raised rates by 25bps at its June meeting.