Markets experienced a calmer end to the week ahead of a busy financial calendar, notably characterized by the upcoming US labor market report.
Eurozone inflation data met expectations, with headline CPI rising 2.3% YoY and core prices at 2.7%, yet unlikely to alter ECB policy direction significantly.
While expectations run high for a 25bp cut from the ECB, analysts consider a drastic 50bp cut improbable based on current central bank communication.
The dollar saw weakness against the yen, reflecting broader trends, suggesting that discussions among market participants might soon address the 'peak pessimism' surrounding the euro.
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