According to TASS: Russian President Vladimir Putin held a telephone conversation with Brazilian President Lula.

The U.S. dollar index DXY fell 12 points in the short term and is now at 104.12.

USD/JPY fell 25 points in the short term to 140.19.

USD/JPY was up 0.2% on the day against the yen, hitting a fresh six-month high, at 140.36.

OpenAI founder Sam Altman: OpenAI is working on a "faster, cheaper" model.

The U.S. dollar against the Canadian dollar USD/CAD fell nearly 20 points in the short term and is now at 1.3613.

Market news: US Secretary of State Blinken will visit Finland on June 2.

The U.S. dollar against the yen USD/JPY rose nearly 20 points in the short term and is now at 140.26.

Tesla ( TSLA.O ) U.S. stock rose more than 1% in early trading.

"Fed megaphone" Nick Timiraos: The core PCE excluding housing rose 0.42% in April. The measure is widely followed because it excludes goods (where growth is slowing) and housing (where growth is expected to slow).

Ed Bell, senior director of market economics at the National Development Bank of the United Arab Emirates: At present, concerns about the macro economy are driving oil prices more than supply and demand fundamentals. If demand continues to grow and a severe recession is avoided in the U.S., we should see higher average crude oil prices for the rest of the year. We expect Brent to average $95 a barrel in the fourth quarter of this year.

Financial website Forexlive: The Fed will raise interest rates again. The current probability of raising interest rates in June is 58%-42%, and the probability of raising interest rates in July is 100%. The possibility of raising interest rates again is very small. At some point, the Fed will have to pause and evaluate rate hikes.

The financial website Forexlive commented on the monthly rate of durable goods orders in the United States in April: the order for non-defense capital durable goods after deducting aircraft is positive, which is conducive to the growth of GDP.

The S&P 500 futures turned lower during the day, the Dow futures were flat, and the Nasdaq futures rose 0.1%.

U.S. Treasuries pared gains after the data.

U.S. personal spending recorded a monthly rate of 0.8% in April, the highest since January 2023.