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Asian shares reacted to the dollar\’s strength amid U.S. rate cut uncertainty. Markets saw mixed performances, with various currencies and indices responding differently. Powell\’s cautious stance and IMF\’s growth forecast added to the market dynamics.

Asian shares reacted to the dollar\’s strength amid U.S. rate cut uncertainty. Markets saw mixed performances, with various currencies and indices responding differently. Powell\’s cautious stance and IMF\’s growth forecast added to the market dynamics.

Gold rose to a fresh all-time peak after a mild reading for producer price inflation kept alive hopes for Fed easing this year, though U.S. Treasury yields stuck close to five-month highs in the wake of hotter-than-expected consumer price data mid-week that forced a paring back of rate cut bets.