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Bitcoin Rebound in Doubt Amid Crypto Market Woes as APAC Markets Eye Risk-On Session

November 11, 2022

Via: DailyFX

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Asia-Pacific markets are looking at a risk-on session after the US Dollar plummeted alongside Treasury yields after US inflation slowed in October, according to the consumer price index (CPI). Traders trimmed Fed rate hike bets, dragging the implied policy rate for 2023 below the 5% mark. The easing in Fed funds futures saw the US Dollar DXY Index post its biggest daily decline since 2009.

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