Global Markets on Tension: Fed Hints at Rate Cut, Europe Surprisingly Grows, and Bitcoin Surpasses $102,000

Global financial markets close the week of May 10, 2025 with a mix of signals: the U.S. Federal Reserve (Fed) opens the door to possible rate cuts amid a slowdown in job growth, while the Eurozone reports higher-than-expected GDP growth. In this context, Bitcoin breaks the $102,700 barrier, and the Mexican peso shows signs of a positive trend.

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The global economy is navigating waters of uncertainty and opportunity, with key indicators showing divergent trajectories and markets reacting to every signal from major economies and central banks.

The U.S. Federal Reserve held interest rates steady, but Chairman Jerome Powell acknowledged increased economic uncertainty, particularly in the labor market, raising the probability of a first rate cut at the July 31 meeting to 62%, according to markets. This potential easing contrasts with the strength shown by the Eurozone economy, whose first-quarter GDP grew by 0.4%, double the forecast.

Christine Lagarde, president of the European Central Bank, could confirm her intention to initiate rate cuts in June if macroeconomic data support it.

This divergence in economic signals could lead to asynchronous monetary policies among major central banks, impacting capital flows and foreign exchange markets. The dollar, in fact, appreciated against its major peers, with the DXY index surpassing 100 points.

Bitcoin continued its remarkable rise, surpassing the symbolic $100,000 mark to reach over $102,700. This momentum is attributed to capital inflows into Bitcoin ETFs in the United States and a growing search for alternative assets amid uncertainty surrounding the dollar. This performance consolidates Bitcoin's position as a significant, albeit volatile, component of the global financial landscape, increasingly sensitive to macroeconomic trends.

Gold also benefited, surpassing $3,335 an ounce, while Brent crude oil rebounded 3.72% following OPEC+ announcements. Copper remained stable, awaiting further stimulus from China.

In the United States, former President Trump's tax reform proposal, which includes increases in top tax rates and the elimination of exemptions for fund managers, has reignited economic debate and generated divisions even within the Republican Party over proposed cuts to social programs. Such political debates can introduce volatility into the markets, regardless of the raw economic data.

In Mexico, the peso opened Saturday trading at $19.52 per dollar, according to Banxico, with an average reported by N+ of $19.45 and a close on Friday at $19.44. At currency exchange offices along the Tamaulipas border, the dollar was selling for $20.20 and buying for $18.50. The relative stability of the peso in this global environment will be a key indicator to watch.

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