In currencies, the euro traded near 1.1730 under pressure from a firmer dollar, the yen hovered around 147.5 with the Bank of Japan steady at 0.5%, and the yuan held firm near 7.11. Globally, the Bank of Canada cut rates, the Bank of England kept policy at 4% while slowing QT, and the BoJ stayed cautious. Europe prepared a new sanctions package, while China banned Nvidia AI chips, sparking a rally in domestic tech stocks.

Looking ahead, markets will watch Powell’s speech, US PCE inflation, PMIs, and GDP revisions, along with global PMI releases and China’s upcoming industrial data.

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