USD weakens amid rate cut expectations; USDCAD trends bullish but risks remain from tariffs and economic data shifts.
Spain’s 12-month Letras auction yielded 2.173%, down from 2.221%, reflecting market conditions and investor sentiment.
Eurozone unemployment rate at 6.2% in January, slightly below expectations, showing stability despite economic challenges.
Eurozone unemployment fell to 6.2% in January, below expectations, indicating potential economic improvement but requiring monitoring.
EUR/USD rises 0.2% to 1.0510, challenging resistance amid dollar weakness and falling bond yields.
Greece’s unemployment rate dropped to 8.7%, indicating job market improvement and positive economic trends in January.
Eurozone unemployment data leads, while markets watch tariffs. Trump addresses Congress at 21:00 ET on policy.
China’s manufacturing PMI rose to 50.2, while trade declined amid tariffs and Lunar New Year effects.
Tariffs on China increase to 20%, while Canada and Mexico face 25% tariffs under national security measures.
South Africa’s GDP grew 0.6% in Q4, USD weakened, gold surged, crypto declined, and US imposed tariffs.
