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Global markets advanced as investors reacted to signs of easing tensions between the United States and Europe, following renewed diplomatic engagement that reduced fears of imminent trade measures.
The US Dollar continued to weaken even after inflation and growth data broadly met expectations. Recent figures confirmed that price pressures remain manageable, while economic growth was revised slightly higher, reinforcing expectations of steady monetary policy in the near term.
Major Currencies Hold Firm
The Australian Dollar hovered near multi-month highs, supported by improved risk sentiment. The euro remained positive against the dollar despite trimming intraday gains, while the yen traded in a narrow range as markets awaited the Bank of Japan’s policy decision.
Gold Defies Risk-On Mood
Gold surged to a fresh record above $4,920 per ounce, underpinned by dollar weakness, lingering geopolitical uncertainty, and sustained demand for inflation protection.
Key Events Ahead
Attention now turns to upcoming inflation data from the Asia-Pacific region, purchasing managers’ surveys from major economies, and central bank guidance that could shape market direction in the days ahead.
