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Markets Brace for US CPI Data as Dollar Steadies

From monetamarkets.com

As market participants brace for the US CPI report, sentiment remains measured across asset classes. A softer inflation reading could fuel expectations for Fed rate cuts, supporting risk assets, while a hotter print may strengthen the Dollar and pressure commodities. With geopolitical storylines and central bank decisions also in play, volatility could pick up sharply once the data hits the wires. Gold is marginally higher, trading around $3,350–$3,355, as U.S. dollar bulls take a back seat ahead of the crucial U.S. CPI report. The metal rebounded from yesterday’s dip near $3,341, attracting bid support from rising ... (full story)

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  • Category: Technical Analysis