The dollar dropped and the euro hit a one-week high as traders bet that the Federal Reserve will cut rates more times than previously expected this year, following weaker than expected jobs data for July.
Euro at one-week high
Wall Street boosted by earnings, Fed rate cut hopes
Wall Street gained, boosted by a string of largely upbeat corporate earnings, while rising expectations of a Federal Reserve interest rate cut provided additional support. Odds for next month’s rate cut stand at 93.2%
Gold eases on profit-taking
Gold prices eased as investors booked profits after prices hit a near two-week high in the previous session, while the market’s focus shifted to U.S. President Donald Trump’s upcoming Federal Reserve nominations.
BlackRock leads record $465M spot Ether ETF exodus
United States spot Ether ETFs recorded almost half a billion dollars in daily net outflows, marking their highest in a single day since launch. This was their second day of outflows since breaking a 20-day inflow streak on Friday.
Wall Street turns negative as economic data, tariff uncertainty weigh
Wall Street’s main indexes swung to losses after data showed U.S. services activity unexpectedly stalled and investors considered the impact of U.S. trade policies on corporate profits.
Oil prices fall as OPEC+ output hikes counter Russia disruption concerns
Oil prices edged lower as rising OPEC+ supply and worries of weaker global demand countered concern about U.S. President Donald Trump’s threats to India over its Russian oil purchases.