The focus is on commodity prices' inflationary impact, particularly as Brent is eying $87 per barrel.
The focus is on commodity prices' inflationary impact, particularly as Brent is eying $87 per barrel. Risk assets paused while the dollar slightly weakened as investors waited for more precise signals from upcoming macroeconomic data. Some stronger US dollar relief came from a more robust fix of the Chinese Yuan on Monday. Several Fed speakers, including Lisa Cook, Austan Goolsbee, and Raphael Bostic, provided insights on the central bank front.
's reaction function. In parallel, vital Chinese officials are expressing optimism about the economy. Governor Pan Gongsheng states that the property market has a solid foundation for long-term healthy and stable development. Additionally, efforts to address local debt risks are reportedly showing effectiveness.
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