00:00Government bonds surged as Eurozone inflation data supported faster European central bank
00:06rate cuts, while the dollar strengthened after Fed Chair Powell's comments reduced hopes
00:12for another large rate cut.
00:14Lower-than-expected Eurozone inflation data supported the bond rally, reinforcing traders'
00:20expectations for faster rate cuts by the ECB.
00:23Meanwhile, the US dollar rose 0.2 percent against a basket of currencies, as traders
00:29anticipated the Fed would likely cut rates by 25 basis points instead of 50 in November.
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