Mixed Situation, Markets Await US Inflation Data!

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The US dollar showed mixed movements, still under pressure but doing well against several major currencies that experienced a decline in performance.


Amid continued uncertainty, investors are cautious ahead of the release of the US inflation report with the delayed consumer price index (CPI) data scheduled for today (Friday).


Expectations for September inflation figures to rise to 3.1% after rising 2.9% the previous month will invite mixed reactions for market indicators.


The market is currently still expecting the Federal Reserve (Fed) to continue cutting interest rates at the end of 2025 after starting it at its September meeting.


Although the NFP jobs report was delayed due to the US government shutdown, Fed Chairman Jerome Powell said that it did not affect the central bank's outlook for monetary policy.


The majority of policymakers are also seen to be inclined to continue easing policy in support of the stability of the world's largest economy.


Apart from the US CPI, investors' focus today will also be on several PMI data that will be published to examine the manufacturing and services sector readings, especially in Germany, the UK and the US.

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