USD softens as traders reassess Fed rate path
The US dollar index eased as markets repositioned ahead of upcoming inflation prints, with EUR/USD and GBP/USD recovering recent losses.
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The US dollar index eased as markets repositioned ahead of upcoming inflation prints, with EUR/USD and GBP/USD recovering recent losses.
XAU/USD continues to attract bids as geopolitical risk and lower real yields support the broader precious metals complex.
Wall Street benchmarks extended gains as megacap technology results outpaced consensus, lifting risk sentiment across global indices.
Energy markets found support after weekly stockpile data signalled tighter supply, while natural gas remained range-bound.
Regional indices traded with a cautious tone after softer Chinese activity data, while the Nikkei outperformed on a weaker yen.
Traders are positioned for a busy macro week, with inflation prints and central bank communication likely to drive currency and rates volatility.
The Australian dollar tracked stronger iron ore and copper prices, while RBA rhetoric remained measured on the rate outlook.
XAG/USD extended its rally as forecasts for stronger industrial usage met a constructive macro backdrop for the broader metals complex.
German equities led European gains following better-than-expected business climate surveys and stabilising manufacturing data.
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