US initial jobless claims for the week ending June 6 rose to 229,000, the highest level since the week of Feb. 7, 2026.

MOFCOM spokesman He Yadong said at a routine briefing that China implemented a two-year comprehensive zero-tariff program on imports from 53 African countries with diplomatic ties, effective May 1. Beijing will continue to push for a Joint Development Economic Partnership Agreement; MOFCOM framed the tariff cut as part of China’s high‑level opening and an effort to implement Forum on China–Africa Cooperation outcomes by leveraging China’s large market to support African countries facing unilateralism and protectionism.

Commerzbank analyst Michael Pfister said a near-term US-Iran agreement could support a gradual EUR/USD recovery, but only if the deal is durable enough to keep the Strait of Hormuz open. He flagged recent hostilities as casting doubt on such durability, so even a temporary agreement should not be over-interpreted. Commerzbank expects EUR/USD to edge up to $1.16 by month-end.