The market spotlight was mainly on U.S. inflation data that prompted traders to recalibrate Fed easing expectations. Here’s how the numbers turned out, as well as the top-tier catalysts that pushed major currencies around.
Global markets rallied this week, driven by softer U.S. inflation data and dovish Fed remarks that pushed Treasury yields down from 14-month highs. Stocks, gold, and bitcoin climbed to fresh peaks, while the dollar faced pressure.
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