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Dollar Drops, Stocks Gain Before US Inflation Data: Markets Wrap
Aggregated Source: ChinaLegalBlog.com

(Bloomberg) — The dollar weakened, stocks rose and Treasury yields dipped on expectations slowing US inflation will erode the case for more rate hikes.

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A gauge of the greenback dropped to the lowest since April as traders focus on US consumer price data due later Wednesday, with a Bloomberg survey showing expectations for both core and headline inflation continuing to moderate in the face of the Federal Reserve’s monetary policy onslaught.…

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