Article details
The US dollar traded lower against most major currencies entering the North American session, with USDJPY experiencing the sharpest decline of 0.40%. Market sentiment remains defensive as US equity futures point significantly lower, with Dow futures down 350 points and Nasdaq futures dropping 168 points. Traders are staying cautious ahead of upcoming inflation reports, including the US PPI on Thursday and CPI data on Friday. Meanwhile, European equity benchmarks faced severe pressure, led by Spain's Ibex dropping 2.24% and France's CAC 40 slipping nearly 2.0%.
