The euro extended gains against the dollar in European trading after softer-than-expected US inflation data revived bets on Fed cuts later this year.
The euro extended gains against the dollar in European trading after softer-than-expected US inflation data revived bets on Fed cuts later this year.
Officials remain divided on the timing of the first cut, with several members flagging risks that disinflation could stall.
Institutional buying pushed the largest cryptocurrency to a two-week high, with BlackRock's IBIT leading the flows.
Bullion added 0.6% intraday, supported by a softer dollar and renewed geopolitical risk premium in the Middle East.
Traders await results from three of the Magnificent Seven this week, with option-implied moves near multi-month highs.
Momentum indicators support continuation, but a failure to close above the 200-day SMA would keep bears in control.
The consultation, open until September, could reshape broker offerings and drive further consolidation.
The labor market remains resilient even as leading indicators soften, complicating the Fed's easing path.
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