Italy

EUR/USD is trading near its highest level in months after a bullish breakout pushed the pair above key resistance. Bond-market volatility, US consumer data, the PCE inflation gauge and European flash inflation figures now sit at the center of the next move.

A Bank of Italy mystery-shopping exercise found that USDC remittances were not systematically cheaper than traditional money transfer options across international corridors. The findings point to exchange fees, foreign exchange spreads and local banking charges as the main costs, rather than blockchain transaction fees.

Intesa Sanpaolo, Italy’s largest bank, makes its first crypto purchase: 11 BTC worth $1M.