Central bank summit in Sintra may spice up FX volatility

The ongoing ECB forum in Sintra is expected to bring increased foreign exchange volatility as central bank chiefs, including Kevin Warsh, are set to participate. Key macroeconomic data releases for July 1, 2026, include final June Manufacturing PMI readings, Eurozone inflation, the US ADP labor market report, and the EIA crude oil inventories report. Earlier, Japan reported strong quarterly Tankan index readings, China's Caixin Manufacturing PMI showed a minimal pullback but remained in expansion, and Australia's Manufacturing PMI was revised slightly upward, though May's new home completions plummeted.