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European stocks rebounded Wednesday amid elevated oil prices from Middle East conflict. U.S. inflation surge pushed bond yields higher, raising rate hike expectations. Dollar strengthened while euro …
US inflation rose to 3.8% year-on-year, exceeding expectations and prompting markets to price out Fed rate cuts while increasing odds of a December hike. Safe-haven dollar strength was further suppor…
The dollar strengthened broadly amid Fed rate cut expectations, pushing EURUSD and GBPUSD lower, while the yen rebounded due to Japan’s verbal intervention and stimulus package. BTCUSD dropped to a s…