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Global Markets Brace for Key US Inflation Data Amid Yen and Euro Weakness

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Global Markets Brace for Key US Inflation Data Amid Yen and Euro Weakness

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  1. GLOBAL MARKETS BRACE FOR KEY US INFLATION DATA AMID YEN AND EURO WEAKNESS EUR/USD Drops Near 1.0600, Awaits Key US and EU Economic Data The EUR/USD pair continues its decline on Wednesday, nearing 1.0600 as US Dollar strength pressures the Euro. Anticipation over US inflation data, which is expected to show a 2.6% YoY rise in October's Consumer Price Index (CPI), holds traders' focus, influencing the Federal Reserve's rate decisions. potentially US President-elect Trump’s proposed fiscal policies, which may drive spending and inflation, add to this USD strength. Additionally, Thursday’s EU Q3 GDP data will provide insight into the Eurozone’s growth analysts forecasting a modest 0.9% YoY rise, signaling limited momentum. trajectory, with economic

  2. Japanese Yen Weakens to Multi-Month Low Amid BoJ and Trade Uncertainty The Japanese Yen (JPY) continues to decline, reaching a multi-month low against the US Wednesday’s Asian session. Investors remain skeptical about the Bank of Japan’s (BoJ) potential for further rate hikes, amid political uncertainty in Japan. Additionally, concerns over potential tariffs from US President- elect Donald Trump could weigh heavily on Japanese exports, adding further pressure to the JPY. Elevated US Treasury yields, driven by Trump’s fiscal policies, are also limiting the scope for Fed rate cuts, strengthening the USD. While possible intervention. Dollar (USD) in speculations of US CPI Set to Rebound in October, Potentially Shaping Fed's Next Moves The US Consumer Price Index (CPI) for October is expected to climb to a 2.6% annual rate, up from September’s 2.4%, with core CPI likely steady at 3.3%. This inflation data, due Wednesday at 13:30 GMT, could significantly impact the Federal Reserve’s interest rate outlook. Read more about us- Analysts note a firmer inflation pace might pressure the Fed to reconsider its gradual rate cut strategy, especially under potential economic shifts from President Trump’s Depending on CPI results, markets could see heightened volatility in the US Dollar, influencing EUR/USD and overall rate expectations. Website- www.jaiinfoway.com newly fiscal elected policies. Contact Number- +1 (786) 786-7229 Linkedin- Jaiinfoway Email- info@jaiinfoway.com

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