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Forex Market
USD Weakness Dominates as Major Currencies Extend Gains
The USD remained under sustained pressure throughout the global session, with broad-based selling pushing major currencies through key technical levels. USD/JPY stayed on the defensive amid ongoing volatility, while AUD/USD was supported by improving risk sentiment and continued to trade just below a key psychological area. Meanwhile, EUR and GBP extended their upward momentum as softer U.S. economic data reinforced expectations that the Federal Reserve may adopt a more accommodative policy stance later in the year.

General Market
Wall Street
- Dow Jones: -0.9% (48,978)
- S&P 500: +0.5% (6,985)
- Nasdaq: +1.0% (23,839)
- VIX: -0.6% (16.05)
Asia-Pacific
- ASX 200: +0.9% (8,942)
- Nikkei: +0.8% (53,334)
- Shanghai Comp: +0.2% (4,140)
Europe
- FTSE: +0.6% (10,208)
- CAC: +0.3% (8,153)
- DAX: -0.2% (24,894)
Headlines to Watch
Australia
- Q4 CPI (Dec): Key inflation print for the RBA; stronger trimmed mean could reinforce expectations for a February rate hike.
United States
- FOMC Rate Decision (Jan): Policy expected on hold; markets focused on forward guidance and Chair Powell’s tone on future cuts.
- MBA Mortgage Applications (Jan 23): Indicator of housing demand amid shifting rate expectations.
Canada
- Bank of Canada Rate Decision (Jan): Rates expected to remain unchanged; attention on updated economic forecasts and neutral guidance.
- Monthly GDP (Nov / prelim Dec): Data to shape Q4 growth outlook and inform BoC policy path.
Japan
- BOJ Policy Signals: Continued focus on FX volatility and any signs of intervention or guidance on policy normalization timing.
Europe
- Eurozone & UK PMI Data (Jan): Business activity indicators to guide EUR and GBP direction amid mixed growth signals.
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