The prospect of lower US rates this week supported bonds, while the dollar sustained losses as investors bet Wednesday's expected Fed cut would not be the last for the year. "Investors want to see not just solid numbers but evidence of sustained AI monetisation and broadening demand beyond the initial boom. The Fed cut expectations in turn left the dollar weak on Wednesday, with the euro and sterling firming at $1.1652 and $1.3272, respectively. The Aussie dollar rose 0.17% to $0.6598, after data showed domestic inflation rose by the most in over two years in the September quarter. A shockingly sharp jump in core inflation seemed to rule out a near-term interest rate cut from the Reserve Bank of Australia.
