Insights 
The US dollar rises, Japan worries, ECB monitors inflation, US CPI expected higher, stocks up, oil gains, gold falls.
GBPUSD consolidates as markets await US CPI; key levels at 1.28 and 1.3046 could determine direction.
Portugal’s trade deficit improved to €-7.211 billion, reflecting better trade dynamics despite ongoing sector fluctuations and external influences.
Canada plans retaliatory tariffs of C$29.8 billion after U.S. steel and aluminium tariffs, according to Reuters.
MBA mortgage applications dropped to 11.2%, EUR/USD trades below 1.0900, and cryptocurrencies decline amid market sell-off.
US mortgage applications rose 11.2%, driven by refinancing, as 30-year rates fell to 6.67% from 6.73%.
BoC meeting eyes a rate cut; USD/CAD reacts to tariffs, forecast suggests decline to 1.41 soon.
Understanding CPI forecast distribution is crucial, as deviations from expected 3.2% Y/Y and 0.3% M/M may impact markets.
Germany’s 10-year bond yield rose to 2.92%, signaling higher borrowing costs and shifting market expectations.
USDJPY nears 148.60 ahead of CPI; soft data may weaken Dollar, while strong CPI could spur gains.
