The euro gained ground during the North American session, supported by mixed U.S. inflation figures and political tensions in Washington. While headline price growth held steady, the core measure came in higher than anticipated, reinforcing market confidence in an upcoming Federal Reserve rate cut. Traders largely shrugged off the data, focusing instead on the broader dovish outlook.

Gold prices remained steady as investors weighed the latest inflation readings against expectations for lower interest rates in the coming months. Softer headline figures eased concerns over tariff-driven price pressures, while the higher core reading did little to dent sentiment. The prospect of reduced borrowing costs continued to underpin demand for the metal as a non-yielding asset.

Bitcoin slipped slightly from the previous session, extending a modest monthly decline, though it remains sharply higher compared to a year ago. Market sentiment was cautious, with traders awaiting clearer signals on the broader risk environment and potential shifts in global monetary policy.

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