US dollar declines as trade war fears ease and gold prices hit new highs
The US Dollar is declining as fears of a trade war ease. Recent data shows a 2.2% increase in US mortgage applications, contrasting with a previous decline of 2.0%. Eurozone inflation data also came in slightly below expectations. In the Eurozone, final services PMIs showed mixed results, with Germany's PMI steady at 52.5, while France's fell to 48.2. The European Central Bank's vice president noted inflation is nearing the ECB's target. Gold prices continue to rise as real yields fall. Treasury yields have also decreased following a weak US Job Openings report. Market focus is shifting to the upcoming US Non-Farm Payroll report.