TOKYO - The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve interest rate cut later in the day.
"The price action conveys the significant inflection point markets confront," said Kyle Rodda, senior financial market analyst at Capital.com. Gold found its feet, rising 0.15% to $2,573.18 per ounce after slipping back from an all-time high in the previous session.
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