ING analyst Francesco Pesole says recent US–Iran military strikes have pushed up market expectations for another ECB rate hike and have re-tightened euro-dollar short-term swap spreads. He warns the revived confidence in a September ECB hike leaves a narrow path for EUR/USD gains. Pesole expects EUR/USD to be broadly stable on Friday as markets await clarity, but notes downside risk below 1.14.

The National Energy Administration issued the Energy Sector Energy‑saving and Decarbonization Action Plan (2026–2028), promoting coordinated development of green power and emerging industries. The plan urges joint planning and construction of new‑energy bases with compute facilities and supports measures for compute facilities to raise green‑power consumption, explicitly calling for tapping the spatiotemporal adjustability of computing loads to enable coordinated operation with the power system. It mandates uptake of energy‑saving technologies — efficient cooling, high‑performance power delivery and advanced waste‑heat recovery — to boost compute facility energy efficiency, and directs construction of self‑consumption renewable bases and basin‑scale hydro‑wind‑solar integration to align power supply with advanced manufacturing and industrial demand.

Germany June CPI final YoY 2.3%, expected 2.3%, prior 2.3%.