The US dollar continues to extend its slide to the lowest level since October 2024, before the US election. The yen has been an exception today, underperforming due to a softer-than-expected Japan GDP reading.
The euro, meanwhile, has hit another yearly high, possibly boosted by news that Germany’s Green Party has made a counteroffer on the infrastructure and defense fund, keeping the proposed policy in play.
Looking ahead, US JOLTS job openings is the only major data release, but markets will be focused on trade tariff updates and US administration policy moves.
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