The Swiss National Bank (SNB) chose to keep its main interest rate unchanged at 1.75%, while inflation rates remained stable, with inflation expected to average around 2.0%. Analysts speculate that the SNB may start reducing interest rates for the first time in September 2024.

The US Dollar Index (DXY) has slightly eased, influenced by the Treasury yields softening. The yields for 2-year and 10-year US Treasury bonds are at 4.43% and 4.12%, respectively. Jerome Powell, Chairman of the Federal Reserve, continues to emphasize the importance of lowering inflation to the target of 2%.

The US Services Purchasing Managers' Index (PMI) stands at 53.4, higher than the expected 52.0 and the previous month's 50.5. Additionally, the services employment index has increased to 50.5 from the previous reading of 43.8.