Swiss private bank Julius Baer expects the Fed is unlikely to hike rates, the dollar may weaken, and gold could reclaim lost ground.

China's foreign exchange reserves stood at $3.4163 trillion at end‑June 2026, down $26 billion (0.75% MoM) from end‑May, the State Administration of Foreign Exchange said. SAFE attributed the decline mainly to a stronger US dollar — driven by major economies' macro data and central bank policy/expectations — and mixed global asset‑price moves; exchange‑rate translation and asset‑price changes were the primary drivers. SAFE said China's economy remains broadly stable, which supports a basically stable reserves outlook.

Israel's Prime Minister Netanyahu said a U.S. sale of F-35 fighter jets to Turkey would undermine the balance of power in the Middle East.