BOC Governor Macklem said imbalances are slowly adjusting, but the dollar's appeal could prolong them.

US Vice President Vance said on June 22 in Switzerland the US has procedures to ensure any unfrozen Iranian assets would support Iranian civilians, not fund terrorism, and that released funds would be used to purchase US soybeans, corn and wheat under a US–Qatar approval mechanism. TASNIM NEWS quoted a source close to Iran‑US talks denying any agreement contains such a provision, calling Vance’s claim untrue and suggesting it was driven by US domestic politics; the source asked why Iran would spend US$12 bln buying US agricultural products.

STAR 50 Index fell more than 1%.