(Bloomberg) — The dollar rose while equity markets gave mixed signals at the start of a pivotal week for investors that will see interest rate decisions from central banks including the Federal Reserve.
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US futures opened lower Monday, shares in Australia climbed and contracts for Japan and Hong Kong advanced earlier after stocks on Wall Street rallied Friday. The greenback made small advances against most major currencies, suggesting caution among traders.
Government bond yields in Europe and the US climbed Friday amid concern that inflation will delay any shift by policy makers to slow aggressive rate hikes. A core gauge of US inflation accelerated in September, bolstering the case for another jumbo 75-basis-points move. Yields fluctuated in Australia.
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