A quiet Tuesday precedes a busier day with the US CPI report and Bank of Canada decision on the horizon, as markets remained calm ahead.
The latest moves in Treasuries and the dollar reflected market anticipation, with the long-end selling off and the greenback gaining against its peers.
The Australian dollar faced pressure following a dovish hold from the RBA, signaling a potential 25bp rate cut in February as inflation stabilizes.
Gold's rise above the 50-day moving average hints at renewed bullish interest after a stagnant period, showcasing the market's shifting dynamics.
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