During the Asian session, the Tokyo Consumer Price Index is due. The Australian Producer Price Index (PPI) will also be closely watched, especially af
ter the strong CPI data reported on Wednesday. Later in the day, market focus will shift to the US Core Personal Consumption Expenditure price index. Here is what you need to know on Friday, October 27: During the Asian session, the US Dollar lost momentum, primarily driven by a decline in US Treasury yields, despite positive economic data. The Dollar Index ended the session around 106.60. The 10-year US Treasury yield dropped from 4.96% to 4.84%, while the 2-year yield decreased from 5.
0521 but then rebounded, supported by a weaker US Dollar, rising towards 1.0565. Analysts at Rabobank on ECB: Today’s pause does not necessarily mean the end of the hiking cycle. Yet, policymakers seem to have little desire to tighten further. The ECB appeared somewhat more concerned about the growth outlook than in September. Lagarde provided no clear reaction function to a potential new energy shock. GBP/USD fell to weekly lows at 1.2068 but then rebounded to the upside, rising towards the 1.
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