Dollar Rally Pauses, Yuan Slides to Year's Low in Subdued Markets

Asian market trading is subdued today, with Dollar retreating as its recent rally began to lose steam. Notably, overnight remarks from Fed officials didn't provide any fresh cues, reinforcing expectations of a pause in rate hike this month. However, the door remains open for a subsequent rate hike, contingent on incoming data. All eyes now turn to the forthcoming CPI release next week, which could steer the greenback towards its next significant move.

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