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Last updated: May 24, 2026, 5:30 PM ET

FX & Policy The ECB is set to revise its inflation outlook higher in June, signaling potential easing later this year, while Senate Republicans cast doubt on a potential Iran nuclear deal, introducing geopolitical uncertainty. These conflicting forces left the euro-dollar range-bound as traders weighed divergent central bank paths.

Risk Sentiment A bystander wounded in a White House shooting is in stable condition, an event that briefly spiked risk aversion but saw equities recover as the incident appeared isolated. The episode underscored persistent security concerns in Washington.