Forex Today: After US CPI, focus turns to Australian jobs, ECB, and more US data

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During the Asian session, market participants will closely watch for the Australian employment report. Additionally, data from Japan, including Machin

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will announce its decision, and key US data such as Jobless Claims, Retail Sales, and the Producer Price Index will be published.The US Dollar Index finished slightly higher on Wednesday but remained within recent ranges, mirroring the behavior of major currency pairs. US yields initially jumped but later retraced, with the 10-year yield settling at 4.25%. Wall Street experienced mixed results as investors remained cautious.

Between the ECB decision at 12:15 GMT and ECB President Lagarde's press conference at 12:45 GMT, important economic reports from the US are scheduled for release at 12:30 GMT, including Retail Sales, the Producer Price Index, and Jobless Claims. This convergence of key events is likely to result in increased market volatility across financial markets.

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