EURUSD Edges Higher as BOJ Prepares Rate Hikes; GBPUSD Stalls Amid Soft European PMI Data
USD weakness continues amid Bank of Japan rate hike signals and soft European PMI data; oil output steadies and Bitcoin falls sharply amid risk-off sentiment.
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USD weakness continues amid Bank of Japan rate hike signals and soft European PMI data; oil output steadies and Bitcoin falls sharply amid risk-off sentiment.
Chinese tech led an Asian rally after Alibaba unveiled its largest AI model, while Powell’s cautious remarks and soft US PMI left markets mixed, nudging the dollar slightly higher and boosting bonds …
European stocks jumped (SX5E +1.30%) while Bunds and short-term euro rates showed only minor moves, implying mild euro strength amid risk-on flows.