Markets Eye US CPI, Trade Talks For Direction

The U.S. dollar hovered near its lowest levels since April, despite a slight rebound.

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The U.S. dollar hovered near its lowest levels since April, despite a slight rebound, as markets focused on ongoing U.S.-China trade talks in London, described as “good” and “fruitful” by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, though geopolitical tensions in the Russia-Ukraine and Israel-Iran conflicts kept investors cautious.

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