"Risk assets, as usual, seem to take the best out of whatever is happening." said James Athey, an investment director at fund manager Abrdn in London.
"If it doesn't give the impression of the immediate cessation of these price pressures we could see a reversal of some of these more recent market moves," Athey said, such as the rebound in the yen and drop in short-term U.S. bond yields. Saxo Markets strategists said traders were likely to continue to keep the odds for September and November rate hikes low if core inflation does decelerate.
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