The euro hovered near 1.1770, a three-week high, as softer US inflation data pushed the dollar to its weakest since late July, reinforcing expectations of a September Fed rate cut. The ECB ended its easing cycle in July after eight cuts over the past year but could still act before year-end. Eurozone Q2 GDP grew 0.1%, with July inflation steady at 2%. Resistance is at 1.1770, with support at 1.1640.

Gold extended its rally for a third day, approaching $3,400 as weaker US inflation and labor market data bolstered expectations for Fed rate cuts, possibly by 50 bps. Treasury Secretary Scott Bessent urged multiple cuts, adding to bullish sentiment. Resistance stands at $3,400, with support at $3,320.

Bitcoin traded at $123,821, up 0.38% on the day, gaining 5.11% over four weeks and 114.78% year-on-year. Trading Economics projects BTC at 112,337 by quarter-end and 100,005 within a year. Resistance is at 123,500, with key support at 117,200.

The yen strengthened to 146.5 per dollar, its strongest in three weeks, on mounting Fed cut expectations. Softer US inflation eased tariff concerns, while labor data pointed to economic cooling. Bessent’s call for multiple cuts, starting with 50 bps, added to the yen’s gains. Resistance is at 148.00, with support at 145.00.

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