From Investing.com: 2024-04-12 04:50:00

The US dollar took a breather after rallying on Wednesday, with traders locking in profits due to softer-than-expected PPI numbers. Fed officials say rate cut not imminent, with markets still pricing in 43bps worth of reductions by year-end. Euro weakens as ECB hints at June rate cut possibility. Yen intervention warnings heighten as Suzuki warns of excessive moves. S&P 500 and Nasdaq rebound, gold hits fresh record high as tech-related momentum remains strong and gold continues to defy gravity on strong demand and geopolitical uncertainty.



Read more at Investing.com: Dollar pulls back; ECB sends clearer cut signals