Canada’s wholesale sales rose 1.2%, gold declined below $3,000, EUR/USD strengthened, cryptocurrencies gained, and central banks face scrutiny.
UK GDP rose to 0.4%. Gold declined to $2,980. EUR/USD stable. Cryptocurrencies gained $352 million. Central banks focus.
Consumer sentiment fell to 57.9, with inflation expectations rising, marking the largest increase since 1993.
The British pound dipped to 1.2928 after weak UK GDP data, struggling below the key 1.3000 level.
Consumer sentiment fell to 63.1, while one-year inflation remained 4.3%. Markets rose before the report’s release.
Brazil’s retail sales fell 0.1%, gold settled at $2,980, and EUR/USD holds near 1.0900 despite pullbacks.
US stock indices recover but remain down for the week; S&P in correction, NASDAQ drops over 14%.
USDCHF shows bullish momentum, breaking the 200-hour MA and targeting the 38.2% Fibonacci retracement at 0.88637.
India’s foreign exchange reserves rose to $653.97 billion, impacting economic stability and foreign exchange policies.
Canada seeks stronger ties with Europe and UK, coordinating tariffs with Mexico, and maintaining G7 unity on Ukraine.
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