European markets are experiencing gains

🔸 🇺🇸 U.S. Dollar Weakness & Fed Speculation
The U.S. dollar (DXY) has declined to a 3.5-year low, driven by expectations of Federal Reserve rate cuts and concerns over the Fed's independence. 

Market participants are closely watching the upcoming release of the U.S. Personal Consumption Expenditures (PCE) inflation data, which could impact future Fed policy decisions. 

🌐 Global Market Optimism
Asian and European markets are experiencing gains, buoyed by easing geopolitical tensions and positive developments in U.S.-China trade relations, including an agreement to expedite rare earth shipments. 

In Europe, markets are further supported by Germany’s €46 billion fiscal stimulus package and increased NATO defense spending. 

📈 Currency Movements
The euro (EUR/USD) is trading near a four-year high, benefiting from the dollar's weakness and strong Eurozone economic data. 

The British pound (GBP/USD) is holding firm above 1.3700, as investors assess the implications of potential changes in U.S. Federal Reserve leadership. 

The New Zealand dollar (NZD/USD) continues its upward trend, supported by progress in U.S.-China trade talks.