Overview

• The U.S. dollar weakened against a basket of major currencies, influenced by labor market data and Federal Reserve officials' comments hinting at possible rate cuts.
• Japanese yen saw volatility, with suspected interventions by the Bank of Japan aimed at stabilizing the currency amidst a significant interest rate differential with the U.S.
• Global stock markets experienced gains, buoyed by the prospect of U.S. rate cuts, with indices such as the S&P 500 and STOXX 600 showing notable improvements.
• The Australian dollar fluctuated after the Reserve Bank of Australia held rates steady, with market focus on potential future rate hikes.
• Commodities like oil and gold remained relatively stable, with prices influenced by global economic forecasts and market sentiment.