Global Markets Await Key Inflation Data Amid Dollar Weakness and Rate Cut Speculations
As markets brace for major economic indicators, such as the US core PCE price index report, the dollar softened while Asian shares displayed a mixed tone with expectations of rate cuts in Europe. Investors are closely monitoring inflation data releases from various countries, impacting trading sentiments.
Gold prices remained stable as traders await US inflation figures to assess potential Fed rate adjustments. Concerns over high US interest rates and speculation on market prospects continue, with a focus on central bank policies and upcoming consumer price reports.
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