The ECB has paused its easing cycle, making a September rate cut less likely as President Lagarde expresses optimism about growth outlook. Dollar struggles persist, with both risk-on and safe-haven currencies outperforming the greenback. Despite Trump’s visit to the Fed, no major developments occurred, and the market remains cautious about potential US-EU and US-China trade deals. Cryptos are on the back foot today, with altcoins maintaining gains while Bitcoin and Ethereum face some selling pressure. Overall, the market is awaiting key data releases and earnings reports next week for further direction.
Read more at Investing.com: US Dollar Retreats as Global Markets Rally, Japanese Yen and Euro Outperform
